Search Results
Conference Paper
Bank underwriting of debt securities: modern evidence
Walter, Ingo; Saunders, Anthony; Puri, Manju; Gande, Amar
(1995)
Proceedings
, Paper 481
Journal Article
Policy update: Federal terrorism insurance program renewed
Walter, John R.
(2006-01)
Econ Focus
, Volume 10
, Issue Win
, Pages 14
Journal Article
Insurance: a risk to the economy ?
Sigalla, Fiona
(2002-07)
Southwest Economy
, Issue Jul
, Pages 6 - 8
Conference Paper
Perspectives on the role of government risk-bearing
Stiglitz, Joseph E.
(1991)
Proceedings
Working Paper
Losing insurance and psychiatric hospitalizations
Maclean, Johanna Catherine; Tello-Trillo, D. Sebastian; Webber, Douglas A.
(2022-10-20)
We study the effect of losing insurance on psychiatric – mental health disorder (MHD) and substance use disorder (SUD) – hospital-based care. Psychiatric disorders cost the U.S. over $1T each year and hospitalizations provide important and valuable care for patients with these disorders. We use variation in public insurance coverage (Medicaid) eligibility offered by a large-scale and unexpected disenrollment in the state of Tennessee in 2005 that lead to 190,000 individuals losing their insurance. Medicaid enrollees are at elevated risk for psychiatric disorders. Following the ...
Finance and Economics Discussion Series
, Paper 2022-069
Report
An empirical investigation of imperfect insurance and precautionary savings against idiosyncratic shocks
McCarthy, Jonathan
(1992)
Research Paper
, Paper 9219
Newsletter
Rules and Discretion in Life Insurance Regulation
Rosen, Richard J.; Mohey-Deen, Zain; Drexler, Alejandro
(2017)
In this Chicago Fed Letter, we illustrate how regulators have used rule-based and principle-based approaches to set the minimum level of reserves and capital for insurers. We use examples to show the trend toward more principle-based regulation.
Chicago Fed Letter
Working Paper
The effect of old-age insurance on male retirement : evidence from historical cross-country data
Johnson, Richard
(2000)
I examine the effect of Old-Age Insurance systems on the labour supply of older men. Male retirement ages are crucial to the solvency of OAI systems. Historical data on participation rates and OAI rules in thirteen developed countries show rapid falls in participation among men aged 60-4 after pensions were extended to them. I estimate participation elasticities of -0.06 with respect to replacement rates and 0.19 to the net-of-tax wage. It does not appear that endogenous OAI changes bias the regression coefficients. The growth of OAI explains about 11 percent of the reduction in participation ...
Research Working Paper
, Paper RWP 00-09
Working Paper
The Resolution of a Systemically Important Insurance Company during the Great Depression
Rose, Jonathan D.
(2016-02-05)
This paper explores the economic issues related to systemically important insurance companies, using an example from the Great Depression, the National Surety Company. National Surety was a large and diverse insurance company that experienced a major crisis in 1933 due to losses from its guarantees of mortgage-backed securities. A liquidity crisis ensued, as policyholders staged a massive run on the company, demanding the return of their unearned premiums. The New York State Insurance Commissioner stepped in with a reorganization plan that split the company in two, out of fear that a ...
Finance and Economics Discussion Series
, Paper 2016-5
Newsletter
What is Business Interruption Insurance and How is it Related to the Covid-19 Pandemic?
Ramnath, Shanthi
(2020-04)
After nonessential businesses shut down their operations to slow the spread of the Covid-19 virus in March 2020, many business owners looked to their property insurance policies for relief. Such policies often include business interruption (BI) insurance, which covers income losses if a business is forced to close. Given the shelter-in-place orders issued by state and local governments, BI coverage was assumed by many to apply. For example, Greg Wells, the chief executive of Atlantic Coast Athletic Clubs (ACAC), told the Washington Post: “That’s what you have this type of insurance for. ...
Chicago Fed Letter
, Issue 440
, Pages 5
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