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The Role of State Guaranty Funds in the Property Casualty Insurance Industry

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  • Fred B. Power
  • E. Warren Shows
  • Richard L. Meyer

Abstract

The purpose of this paper is to examine the financial operations of the state guaranty associations in the property/casualty field to assess their adequacy to meet future insolvencies. The extraordinary insurer insolvencies in the last half of the 1 980s receive special attention. Proposals for reform are examined to determine their effects upon overall capacity.

Suggested Citation

  • Fred B. Power & E. Warren Shows & Richard L. Meyer, 1991. "The Role of State Guaranty Funds in the Property Casualty Insurance Industry," Journal of Insurance Issues, Western Risk and Insurance Association, vol. 14(2), pages 51-72.
  • Handle: RePEc:wri:journl:v:14:y:1990:i:2:p:51-72
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    Cited by:

    1. Han, Li-Ming & Lai, Gene C. & Witt, Robert C., 1997. "A financial-economic evaluation of insurance guaranty fund system: An agency cost perspective," Journal of Banking & Finance, Elsevier, vol. 21(8), pages 1107-1129, August.
    2. Iskandar Hamwi & Tim Hudson & Yueyun Chen, 2004. "Solvency regulation in the property-liability insurance industry," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 10(4), pages 313-327, November.

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