Regulation and Quality Competition in the US Insurance Industry

  • Mark Pauly
  • Howard Kunreuther
  • Paul Kleindorfer


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.


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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