The Discretionary Use of Present Value-Based Measurements By Property-Casualty Insurers

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Discretionary Use of Present Value-Based Measurements By Property-Casualty Insurers by : Karen K. Nelson

Download or read book The Discretionary Use of Present Value-Based Measurements By Property-Casualty Insurers written by Karen K. Nelson and published by . This book was released on 2000 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study provides evidence that property-casualty insurers use accounting discretion to report a loss reserve accrual that captures relevant economic characteristics of the reserve's underlying cash flows. Specifically, tests of the relation between reported loss reserves and an actuarial estimate of expected future claim payments indicate that insurers discount loss reserves to present value even though industry accounting standards require recognition at nominal value. Additional findings indicate that the nondiscretionary (nominal value) and discretionary (time value discount) components of the loss reserve accrual are significantly associated with an external benchmark, insurance premiums, that reflects the present value of anticipated policy cash flows.

Congress Should Consider Changing Federal Income Taxation of the Property/casualty Insurance Industry

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Publisher :
ISBN 13 :
Total Pages : 180 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Congress Should Consider Changing Federal Income Taxation of the Property/casualty Insurance Industry by : United States. General Accounting Office

Download or read book Congress Should Consider Changing Federal Income Taxation of the Property/casualty Insurance Industry written by United States. General Accounting Office and published by . This book was released on 1985 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Property/casualty Insurance Industry

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Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis The Property/casualty Insurance Industry by : Coopers & Lybrand

Download or read book The Property/casualty Insurance Industry written by Coopers & Lybrand and published by . This book was released on 1998 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report reviews the key features and public policy issues regarding the property & casualty insurance industry in Canada. It begins with an overview of the business and structure of the industry: the nature and composition of the property and casualty business, the industry in the context of the Canadian financial services sector, financial structure, and regulation of the industry. It then discusses the following issues: the financial capacity of the industry to handle claims resulting from a major earthquake; the likelihood of major industry consolidation; potential changes in the industry's distribution system in the near future; and the impact of technology in general.

Basic Concepts of Accounting & Taxation of Property/casualty Insurance Companies

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Publisher : Insurance Information Inst
ISBN 13 : 9780932387288
Total Pages : 103 pages
Book Rating : 4.3/5 (872 download)

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Book Synopsis Basic Concepts of Accounting & Taxation of Property/casualty Insurance Companies by : Sean Mooney

Download or read book Basic Concepts of Accounting & Taxation of Property/casualty Insurance Companies written by Sean Mooney and published by Insurance Information Inst. This book was released on 1991-01-01 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Loss Reserves and Accounting Discretion in the Property-casualty Insurance Industry

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Publisher :
ISBN 13 :
Total Pages : 186 pages
Book Rating : 4.:/5 (34 download)

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Book Synopsis Loss Reserves and Accounting Discretion in the Property-casualty Insurance Industry by : Fernando Peñalva Acedo

Download or read book Loss Reserves and Accounting Discretion in the Property-casualty Insurance Industry written by Fernando Peñalva Acedo and published by . This book was released on 1998 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Financing of Catastrophe Risk

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Publisher : University of Chicago Press
ISBN 13 : 0226266257
Total Pages : 490 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis The Financing of Catastrophe Risk by : Kenneth A. Froot

Download or read book The Financing of Catastrophe Risk written by Kenneth A. Froot and published by University of Chicago Press. This book was released on 2007-12-01 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is it possible that the insurance and reinsurance industries cannot handle a major catastrophe? Ten years ago, the notion that the overall cost of a single catastrophic event might exceed $10 billion was unthinkable. With ever increasing property-casualty risks and unabated growth in hazard-prone areas, insurers and reinsurers now envision the possibility of disaster losses of $50 to $100 billion in the United States. Against this backdrop, the capitalization of the insurance and reinsurance industries has become a crucial concern. While it remains unlikely that a single event might entirely bankrupt these industries, a big catastrophe could place firms under severe stress, jeopardizing both policy holders and investors and causing profound ripple effects throughout the U.S. economy. The Financing of Catastrophe Risk assembles an impressive roster of experts from academia and industry to explore the disturbing yet realistic assumption that a large catastrophic event is inevitable. The essays offer tangible means of both reassessing and raising the level of preparedness throughout the insurance and reinsurance industries.

Financial Instruments and Institutions

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Publisher : John Wiley & Sons
ISBN 13 : 0470040378
Total Pages : 528 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis Financial Instruments and Institutions by : Stephen G. Ryan

Download or read book Financial Instruments and Institutions written by Stephen G. Ryan and published by John Wiley & Sons. This book was released on 2007-04-20 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an authoritative guide to the accounting and disclosure rules for financial institutions and instruments. It provides guidance from a “fair value” perspective and demonstrates the simplest and most natural measurement basis for reporting financial instruments, as is relevant for thrifts, mortgage banks, commercial banks, and property-casualty and life insurers.

Audits of Property and Liability Insurance Companies

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Publisher :
ISBN 13 :
Total Pages : 380 pages
Book Rating : 4.3/5 (97 download)

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Book Synopsis Audits of Property and Liability Insurance Companies by :

Download or read book Audits of Property and Liability Insurance Companies written by and published by . This book was released on 2000 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:

State Solvency Regulation of Property-casualty and Life Insurance Companies

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Publisher :
ISBN 13 :
Total Pages : 144 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis State Solvency Regulation of Property-casualty and Life Insurance Companies by : United States. Advisory Commission on Intergovernmental Relations

Download or read book State Solvency Regulation of Property-casualty and Life Insurance Companies written by United States. Advisory Commission on Intergovernmental Relations and published by . This book was released on 1992 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Proceedings of the Casualty Actuarial Society

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Publisher :
ISBN 13 :
Total Pages : 712 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Proceedings of the Casualty Actuarial Society by : Casualty Actuarial Society

Download or read book Proceedings of the Casualty Actuarial Society written by Casualty Actuarial Society and published by . This book was released on 1999 with total page 712 pages. Available in PDF, EPUB and Kindle. Book excerpt: List of members for the years 1914-20 are included in v. 1-7, after which they are continued in the Year book of the society, begun in 1922.

The Discretionary Use of Present Value-based Measurements by Property-casualty Insurers

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Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Discretionary Use of Present Value-based Measurements by Property-casualty Insurers by : Karen K. Nelson

Download or read book The Discretionary Use of Present Value-based Measurements by Property-casualty Insurers written by Karen K. Nelson and published by . This book was released on 1998 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Federal Reinsurance for Disasters

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Publisher : Government Printing Office
ISBN 13 : 9780160512186
Total Pages : 68 pages
Book Rating : 4.5/5 (121 download)

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Book Synopsis Federal Reinsurance for Disasters by : David Torregrosa

Download or read book Federal Reinsurance for Disasters written by David Torregrosa and published by Government Printing Office. This book was released on 2002 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: A CBO Study. Analyzes proposals for federal reinsurance of risks from terrorism and natural disasters. Policymakers have developed two types of federal proposals to increase the supply of property and casualty insurance. Under one set of options, which was created following Hurricane Andrew in August 1992 and the Northridge earthquake in January 1994, the federal government would auction reinsurance contracts to primary insurance companies and state-sponsored insurers. Reinsurance is an established practice among private insurers. By buying reinsurance, primary insurers spread the risk of loss more widely and strengthen their ability to insure against catastrophes. The intent of those proposals is to offer federal reinsurance when coverage is in short supply, at market prices that are expected to cover the government’s costs. By contrast, under proposals developed since September 11, the government would pay for most losses from a terrorist attack directly, without reimbursement or with only partial reimbursement. Even though one type of proposal was created in response to natural disasters and the other from an act of terrorism, both types could be considered viable alternatives, whatever the source of catastrophic loss. A key consideration in Congressional deliberations about disaster reinsurance is how the property and casualty industry would respond without federal intervention. That is, would the private supply of insurance rebound quickly? A fast recovery would counter a potential slowdown in construction, an industry in which insurance is often required for financing. Alternatively, is the risk of terrorism uninsurable, such that supply could not recover without the government’s assistance? Furthermore, given that the Congress may need to act without fully understanding the industry’s ability to respond, are there policies that could avoid undermining private activity while providing a backstop to private efforts if they proved inadequate? How much would such policies cost taxpayers and the government? This Congressional Budget Office (CBO) study examines the market for property and casualty insurance; the market’s response to recent large, unanticipated losses; and policies that the Congress is considering to increase the availability of insurance. Related items: Ready... Set... Prepare: A Disaster Preparedness Activity Book for Ages 4 to 7 is available at GPO here: https://bookstore.gpo.gov/products/sku/064-000-00056-0 Ready...Set...Prepare: A Disaster Preparedness Activity Book for Ages 8 to 11 is available at GPO here: https://bookstore.gpo.gov/products/sku/064-000-00057-8 Are You Ready?: An In-Depth Guide to Citizen Preparedness is available at GPO here: https://bookstore.gpo.gov/products/sku/064-000-00058-6 Taking Shelter From the Storm: Building a Safe Room for Your Home or Small Business; Includes Construction Plans (CD) can be found here: https://bookstore.gpo.gov/products/sku/064-000-00069-1?ctid=528 Rapid Visual Screening of Buildings for Potential Seismic Hazards: A Hanbook is available here: https://bookstore.gpo.gov/products/sku/064-000-00060-8 Disaster Preparedness collection is available at GPO here: https://bookstore.gpo.gov/catalog/disaster-preparedness Natural & Environmental Disasters collection is available at GPO here: https://bookstore.gpo.gov/catalog/natural-environmental-disasters

Progress in Economics Research

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Publisher : Nova Publishers
ISBN 13 : 9781590338384
Total Pages : 244 pages
Book Rating : 4.3/5 (383 download)

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Book Synopsis Progress in Economics Research by : Albert Tavidze

Download or read book Progress in Economics Research written by Albert Tavidze and published by Nova Publishers. This book was released on 2003 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This series spans the globe presenting leading research in economics. Perhaps it is a sign of the times that economic weapons such as sanctions seem to be as powerful as or more so than tanks. International applications and examples of economic progress are invaluable in a troubled world with economic booms bursting like so many penny balloons. Intraindustry Trade; Inequality, Human Capital, and Trade: Theory and Evidence; Estimation of Duration Models in the Presence of Heterogeneity of Unknown Form; Health and the Process of Economic Development; Monetary Volatility and the Paper-Bill Spread; Habits and Meaning in Alfred Schutz's Action Theory; Tax Evasion in a Transition Economy: Theory and Empirical Evidence from the Former Soviet Union Republic of Moldova; A Tale of Three Cities: Is an Electronic Public Order Book Appropriate for Transition Economies?; Auditors, Actuaries, and Managed Earnings; Using Principal Component Analysis to Explain Term Structure Movements: Performance and Stability; Index.

Market Knowledge and Informational Advantage in Insurance Markets

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Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.:/5 (891 download)

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Book Synopsis Market Knowledge and Informational Advantage in Insurance Markets by : Lan Ju

Download or read book Market Knowledge and Informational Advantage in Insurance Markets written by Lan Ju and published by . This book was released on 2008 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Insurance Industry Financial Condition

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Publisher :
ISBN 13 :
Total Pages : 112 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Insurance Industry Financial Condition by : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Commerce, Consumer Protection, and Competitiveness

Download or read book Insurance Industry Financial Condition written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Commerce, Consumer Protection, and Competitiveness and published by . This book was released on 1987 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

JOURNAL OF ACCOUNTING AND PUBLIC POLICY

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Publisher :
ISBN 13 :
Total Pages : 1016 pages
Book Rating : 4./5 ( download)

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Book Synopsis JOURNAL OF ACCOUNTING AND PUBLIC POLICY by :

Download or read book JOURNAL OF ACCOUNTING AND PUBLIC POLICY written by and published by . This book was released on 2000 with total page 1016 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Journal of Accounting & Economics

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.4/5 (11 download)

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Book Synopsis Journal of Accounting & Economics by :

Download or read book Journal of Accounting & Economics written by and published by . This book was released on 1999-11 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: