Research Publications

Pollution Liability: The Evolution of a Difficult Insurance Market

Due to a number of complex and inter-related factors, insurers have had major difficulties in developing a broad market for pollution liability insurance. This study explores some of the forces that have hampered development of a market. These include trends in the civil justice system that make it difficult to assess risk, Superfund legislation and regulations, adverse selection and the lack of a broad base of demand for the product. The report also contains an analysis of underwriting procedures and practices of property-casualty insurers writing pollution liability insurance during late 1984 and early 1985.

Due to a number of complex and inter-related factors, insurers have had major difficulties in developing a broad market for pollution liability insurance. This study explores some of the forces that have hampered development of a market. These include tre

This report describes how insurance companies assess the physical hazards involved in handling substances that can pollute the environment and generate liability insurance claims. Findings are based on a survey of 14 insurance companies writing pollution liability coverage and nine environmental consultants active in providing risk assessments for insurance purposes. The survey explores guidelines and procedures used by insurers and consultants to conduct pollution liability risk assessment, the technical skills and backgrounds of staff risk assessors, and the types of information that are most critical for completing a risk assessment.

Public Attitude Monitor 1985

This study focuses on the pubic perceptions of fairness in personal injury lawsuits and the trends in the civil justice system - reasons for more lawsuits regarding personal injuries. It also explores public opinions on drinking and driving behavior, cost of auto insurance, and fairness of gender-based auto insurance rates.

Pollution Liability Claims Administration

Due to a number of complex and inter-related factors, insurers have had major difficulties in developing a broad market for pollution liability insurance. This study explores some of the forces that have hampered development of a market. These include trends in the civil justice system that make it difficult to assess risk, Superfund legislation and regulations, adverse selection and the lack of a broad base of demand for the product. The report also contains an analysis of underwriting procedures and practices of property-casualty insurers writing pollution liability insurance during late 1984 and early 1985.

Patterns of Shopping Behavior in Auto Insurance

This report contains the findings of three related surveys to determine how vehicle owners shop for auto insurance and types of information available to them. The studies found that consumers engage in a large amount of comparison shopping, and report little difficulty in obtaining the information they need for buying auto insurance.

Public Attitude Monitor 1984

This nationwide survey of U.S. households probes public attitudes toward sale of insurance by various kinds of financial institutions and the steps needed to protect the public from insolvencies of private financial institutions. It also examines how people shop for auto insurance.

Special Investigative Units

This report shows findings from several surveys on insurer use of Special Investigative Units to combat fraud. Included is a study tracking costs and estimated savings from denial of fraudulent claims by 19 companies with SIUs, information on types of insurance fraud investigated, and information on SIU structure, training and qualifications of SIU personnel, and legal issues.

Crime Losses in Property Casualty Insurance

his study measures the overall impact of crime-related insurance claims on the various kinds of insurance policies sold by property-casualty insurers. Results are stated in terms of crime losses as a percentage of all losses, countrywide and by state, for personal and commercial lines of insurance and for various types of criminal activity. The report also estimates annual dollar costs per household and per employee.

Crime Losses in Property Casualty Insurance

his study measures the overall impact of crime-related insurance claims on the various kinds of insurance policies sold by property-casualty insurers. Results are stated in terms of crime losses as a percentage of all losses, countrywide and by state, for personal and commercial lines of insurance and for various types of criminal activity. The report also estimates annual dollar costs per household and per employee.

Evaluation of Motor Vehicle Records

This study evaluates state motor vehicle records as a source of information on individual driver accidents and convictions in the 37 states that made available such information as of 1983. The study shows great variability among states in the amount of accident and conviction information found on publicly available state records, and provides explanations for these differences across states.