The demand for regulation of financial disclosures: The case of the insurance industry [Book Review]
Journal of Business Ethics 7 (1-2):29 - 39 (1988)
|Abstract||Policyholders and other claimants in insurance companies are interested in solidity, i.e., the ability of insurers to meet their claims obligations in both the short run and the long run. Insurance regulators exist in order to represent the interests of consumers. Great emphasis is placed by the regulators of the market on the mandatory and uniform disclosure of relevant financial and operating aspects of insurers. This paper employs simple gametheoretic techniques to address two aspects of the general issue of the desirability of establishing a regulator to assess the solidity of insurers. First, why would uniform information about insurers be desirable? Given that uniformity is desirable, it could be achieved by voluntary agreement of insurers or via regulation. The second issue is how that uniformity is to be achieved; that is, what is the value of a regulator in achieving uniformity? Insurance provides an interesting instance of the general problem. A key determinant is the structure of costs and benefits of securing voluntary agreements across firms.|
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
Anthony D. Miyazaki (2009). Perceived Ethicality of Insurance Claim Fraud: Do Higher Deductibles Lead to Lower Ethical Standards? [REVIEW] Journal of Business Ethics 87 (4):589 - 598.
Christian Lahnstein (2011). Tort Law and the Ethical Responsibilities of Liability Insurers: Comments From a Reinsurer's Perspective. Journal of Business Ethics 103 (S1):87-94.
Robert W. Cooper & Mark S. Dorfman (2003). Business and Professional Ethics in Transitional Economies and Beyond: Considerations for the Insurance Industries of Poland, the Czech Republic and Hungary. [REVIEW] Journal of Business Ethics 47 (4):381 - 392.
Robert W. Cooper & Garry L. Frank (2005). The Highly Troubled Ethical Environment of the Life Insurance Industry: Has It Changed Significantly From the Last Decade and If so, Why? [REVIEW] Journal of Business Ethics 58 (1-3):149 - 157.
Øyvind Kvalnes (2011). Blurred Promises: Ethical Consequences of Fine Print Policies in Insurance. [REVIEW] Journal of Business Ethics 103 (S1):77-86.
Dennis M. Patten (2002). Give or Take on the Internet: An Examinationof the Disclosure Practices of Insurance Firm Web Innovators. [REVIEW] Journal of Business Ethics 36 (3):247 - 259.
Kenneth S. Reinker & David Rosenberg (2011). Improve Medical Malpractice Law by Letting Health Care Insurers Take Charge. Journal of Law, Medicine and Ethics 39 (3):539-542.
Patrick L. Brockett & E. Susan Tankersley (1997). The Genetics Revolution, Economics, Ethics and Insurance. Journal of Business Ethics 16 (15):1661-1676.
Sorry, there are not enough data points to plot this chart.
Added to index2009-01-28
Recent downloads (6 months)0
How can I increase my downloads?