The Market for directors' and officers' insurance

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Collection: Articles
Title: The Market for directors' and officers' insurance / Stephen G. Fier, Andre P. Liebenberg
Author: Fier, Stephen G.
Notes: Sumario: Directors' and officers' (D&O) liability insurance is a commonly used risk management tool for corporations both in the United States and abroad. While prior research has focused on the demand for D&O insurance and its role in corporate governance, there is an absence of literature on the supply side of the D&O market. Using the newly available D&O Insurance Coverage Supplement to insurers' statutory filings, we develop a more comprehensive understanding of the D&O insurance market and of those firms that write D&O coverage. We develop and estimate a model of the decision to write D&O insurance and the extent of market participation. Our results suggest that there are significant operational and financial differences between firms that supply D&O insurance and those that do not. Several of these differences (specifically, size, diversification, and organizational form) are consistent with the predictions of the managerial discretion hypothesis
Related records: En: Risk management & insurance review. - Malden, MA : The American Risk and Insurance Association by Blackwell Publishing, 1999- = ISSN 1098-1616. - 06/10/2014 Tomo 17 Número 2 - 2014 , p. 215-239
Materia / lugar / evento: Responsabilidad civil de la empresa Mercado de seguros Seguro de responsabilidad civil profesional Gerencia de riesgos Dirección de empresas Estudios de mercado Predicciones económicas Empresas de seguros Seguro D&O Directors and officers (insurance)
Other authors: Liebenberg, André P.
Other categories: 333
Rights: In Copyright (InC):
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