The following research offers a view into the financial decisions of insurers operating in the United States. The first essay, "Are Internal Capital Markets Sma

There are three essays that comprise this dissertation. In the first essay we investigate how a country's enforcement of insider trading laws affects learning a

Based on data on publicly traded insurance firms, the first essay examines questions about the effect of large catastrophic events on insurance firms. Rather th

Insurance is a legal, an actuarial and a financial product, and it is one out of many risk management strategies. It follows that its history can only be studie