Catastrophic shocks in the property-liability insurance industry: evidence on regulatory and contagion effects.: An article from: Journal of Risk and Insurance

This digital document is an article from Journal of Risk and Insurance, published by American Risk and Insurance Association, Inc. on December 1, 1996. The length of the article is 6822 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: A study was conducted to investigate the negative and positive consequences of natural disasters on insurance firm values. An examination of the effect of Hurricane Andrew, as well as a related change in regulation, on the stock prices of 48 public property-liability insurers revealed a significantly negative influence on insurance stocks although it was somewhat ameliorated by a smaller positive effect. Moreover, the study found industry-wide contagion effects because the impact of Andrew and the regulatory change was felt by most insurers.

Citation Details
Title: Catastrophic shocks in the property-liability insurance industry: evidence on regulatory and contagion effects.
Author: Lazarus A. Angbazo
Publication:Journal of Risk and Insurance (Refereed)
Date: December 1, 1996
Publisher: American Risk and Insurance Association, Inc.
Volume: v63 Issue: n4 Page: p619(19)

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