The authors demonstrate how regulation intended to control costs can exacerbate cost growth by subsidizing high-risk activities and firms at the expense of low-risk activities and firms.
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Inside This Book
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First Sentence:
Insurance prices that vary across consumers in relation to expected claim costs provide significant economic incentives for consumers to take actions to control the cost of risk. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
residual market share, average underwriting margin, residual market deficit, voluntary market rates, large residual markets, residual market rates, total loss growth, claim cost growth, voluntary market premiums, voluntary market supply, residual market losses, voluntary market share, compensation insurance market, insured payroll, expected claim costs, servicing carriers, rate suppression, fixed state effects, market deficits, rate inadequacy, market rate levels, class payroll, profit loadings, claim severity, industry fixed effects Key Phrases - Capitalized Phrases (CAPs): (learn more)
Total Residual, Payroll Loss, National Council, Boca Raton, Management Summary, Annual Statistical Bulletin New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Insurance prices that vary across consumers in relation to expected claim costs provide significant economic incentives for consumers to take actions to control the cost of risk. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
residual market share, average underwriting margin, residual market deficit, voluntary market rates, large residual markets, residual market rates, total loss growth, claim cost growth, voluntary market premiums, voluntary market supply, residual market losses, voluntary market share, compensation insurance market, insured payroll, expected claim costs, servicing carriers, rate suppression, fixed state effects, market deficits, rate inadequacy, market rate levels, class payroll, profit loadings, claim severity, industry fixed effects Key Phrases - Capitalized Phrases (CAPs): (learn more)
Total Residual, Payroll Loss, National Council, Boca Raton, Management Summary, Annual Statistical Bulletin New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 3
books:
- Management Science by Laurence Moore in Back Matter
- University of Pennsylvania: Off the Record (College Prowler) (College Prowler: University of Pennsylvania Off the Record) by Jennifer Klein in Back Matter
- Compensation Mechanisms for Job Risks: Wages, Workers' Compensation, and Product Liability by Michael J. Moore in Back Matter
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