The seventh in a series of annual volumes on the financial sector from the Brookings Institution and the Wharton School at the University of Pennsylvania focuses on public policy issues confronting the insurance industry.
Contents include: Editors' Summary
Extending the Theory to Meet the Practice of Insurance David M. Cutler and Richard Zeckhauser
The Crisis in Medical Malpractice Insurance Patricia M. Danzon, Andrew J. Epstein and Scott J. Johnson Tort
Liability, Insurance Rates, and the Insurance Cycle Scott E. Harrington
Insuring against Terrorism: The Policy Challenge Kent Smetters
Brokers and the Insurance of Non-Verifiable Losses Neil A. Doherty and Alexander Muermann
Consolidation in the European Insurance Industry: Do Mergers and Acquisitions Create Value for Shareholders? J. David Cummins and Mary A. Weiss
Coping with International Regulatory Complexity in the Insurance Industry Ernie Patrikis (AIG), Terri Vaughan (IID), and Brant Free (Chubb)