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Regulation and Quality Competition in the US Insurance Industry

  • Mark Pauly
  • Howard Kunreuther
  • Paul Kleindorfer

Abstract

Insurance in the United States is regulated by each of the fifty states. Variation in this regulation across states permits a natural experiment for investigation of regulatory effects. There is also considerable variation in regulation across lines of insurance: automobile and other property/casualty insurance premiums are directly regulated in more than half of the states; in contrast, life insurance premiums are only (weakly) regulated in two states. Life insurance regulation is primarily limited to loss reserves.

Keywords

Market Share Ordinary Little Square Life Insurance Loss Ratio Input Price 
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Copyright information

© Jörg Finsinger and Mark V. Pauly 1986

Authors and Affiliations

  • Mark Pauly
  • Howard Kunreuther
  • Paul Kleindorfer

There are no affiliations available

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