Research

HARRINGTON RECENT RESEARCH 2003-2007

Refereed Journal Articles

With Karen Epermanis, Market Discipline in Property/Casualty Insurance: Evidence from Premium Growth Surrounding Changes in Financial Strength Ratings, Journal of Money, Credit and Banking, forthcoming.

With David Shrider, All Events Induce Variance: Analyzing Abnormal Returns When Effects Vary Across Firms, Journal of Financial and Quantitative Analysis, forthcoming.

Tong Yu, Do Property/Casualty Insurance Underwriting Margins Have Unit Roots? Journal of Risk and Insurance 70 (December 2003): 715-734.

With Greg Niehaus, Capital, Corporate Income Taxes, and Catastrophe Insurance, Journal of Financial Intermediation 12 (October 2003): 365-389.

Other Articles

Facilitating and Safeguarding Regulation of Private Health Insurance in Advanced Market Economies, in Private Voluntary Health Insurance In Development: Friend or Foe, Alexander Preker, Richard Scheffler, and Mark Bassett, eds. (The World Bank, in press).

Rethinking Disaster Policy After Hurricane Katrina, in On Risk and Disaster: Lessons from Hurricane Katrina Ronald Daniels, Donald Kettl, and Howard Kunreuther, eds. (University of Pennsylvania Press, 2006).

Tort Liability, Insurance Rates, and the Insurance Cycle, Brookings-Wharton Papers on Financial Services: 2004, Richard Herring and Robert Litan, eds. (Brookings Institution Press, 2004).

Market Discipline in Insurance and Reinsurance, in Market Discipline: The Evidence Across Countries and Industries, C. Borio, et al., eds. (MIT Press, 2004).

Capital Adequacy in Insurance and Reinsurance, in Capital Adequacy Beyond Basel: Banking, Securities, and Insurance, Hal Scott, ed. (Oxford University Press, 2004).

Books and Monographs

With Eti Baranoff and Greg Niehaus, Risk Assessment (Malvern, Pa.: American Institute for Chartered Property Casualty Underwriters / Insurance Institute of America, 2005).

With Greg Niehaus, Risk Management and Insurance, 2nd Edition (Burr Ridge, Ill.: Irwin / McGraw-Hill, 2004).

Trade Press, Opinion-Editorial, and Miscellaneous Publications

With Greg Niehaus, United Grain Growers: Enterprise Risk Management and Weather Risk, Risk Management & Insurance Review 6 (Fall 2003): 193-208 (Case; plus Teaching Note, 209-217).

With Emily Johnson and David Shrider, Economics White Paper, The Forum for Corporate Conscience, Tribble Creative Group, 2003.
Deregulating the Insurance Industry: The Key to Providing Quality, Cost-effective Consumer Protection, The State Factor, American Legislative Exchange Council, 2002.

Ratings Show Sanford is No Closet Liberal, The State, June 21, 2002.

With Tom Miller, Insuring Against Terror, National Review On-Line, November 5, 2001.

With Tom Miller, Disaster Assistance & Government Insurance, in Cato Handbook for Congress, The Cato Institute, Washington, D.C., 2001 and 2003 editions.

Are Insurance Cycles Obsolete? Risques – Les cahiers de l’assurance, 41 (January-March 2000): 63-66 (in French).

With Patricia Danzon and Andrew Epstein, Soft and Hard Markets in Medical Malpractice Insurance, revised December 2005.

Reports and Unpublished Manuscripts

Federal Chartering of Insurance Companies: Options and Alternatives for Transforming Insurance Regulation, Networks Financial Institute Policy Brief, 2006-PB-02, March 2006.

With Howard Kunreuther, Neil Doherty, Paul Kleindorfer, Mark Pauly, et al., TRIA and Beyond: Terrorism Risk Financing in the U. S., Wharton Risk Management and Decisions Processes Center, August 2005.

Natural Disaster Insurance, panelist NBER Insurance Project meeting, February 10, 2006, Cambridge.

Networks Financial Institute 3rd Annual Insurance Summit, presented paper on optional federal chartering of insurance, Washington, D.C., March 1, 2006.

National Symposium on Risk and Disasters, sponsored by the University of Pennsylvania and the Communications Institute, panelist, December 1, 2005, Washington, D.C.

The 11th Annual Thomas W. Langfitt, Jr., Memorial Health Policy Symposium, Consumer-Directed Care: Where Will This Road Take Us? panelist, November 29, 2005.

National Symposium on Terrorism Risk Insurance, sponsored by Wharton, RAND, U.S. Department of Homeland Security, University of Southern California, and the Communications Institute, panelist, Washington, D.C., October 7, 2005.

World Congress on Risk and Insurance Economics meeting, presented paper Soft and Hard Markets in Medical Malpractice Insurance (co-authored with Patricia Danzon and Andrew Epstein), Salt Lake City, Utah, August 10, 2005.

South Carolina Property Insurance Forum, presentation on homeowner’s insurance markets in catastrophe prone areas, Charleston, S.C., June 24, 2005.

National Symposium on the Future of Terrorism Risk Insurance, sponsored by Wharton, RAND, U.S. Department of Homeland Security, University of Southern California, and the Communications Institute, panelist, Los Angeles, June 20, 2005.

Reinsurance Association of America Current Issues Forum, panelist, Philadelphia, May 24, 2005.

Kaiser Foundation web-telecast on medical malpractice reform, panelist, Washington, D.C., February 5, 2005.

NAIC Symposium, State Insurance Regulation: Ensuring Solvency, Transparency, and Competitiveness in a Global Insurance Market, presentation on regulatory modernization, Washington, D.C., February 24, 2004.

National Bureau of Economic Research Insurance Project, discussant, Cambridge, Mass., February 7, 2004.

Brookings / Wharton Conference on Public Policy Issues Confronting the Insurance Industry, presented paper Tort Liability, Insurance Rates, and the Insurance Cycle, Washington, D.C., January 9, 2004.

Bank for International Settlements and Federal Reserve Bank of Chicago Conference on Market Discipline: The Evidence Across Countries and Industries, presented paper Market Discipline in Insurance and Reinsurance, Chicago, Ill., October 31, 2003.

Harvard / Swiss Re colloquium on risk-based capital and market discipline, Cambridge, Mass., June 10, 2003.

51st Annual Antitrust Section Spring Meeting, presentation on The Future of the McCarran-Ferguson Act and Federal Chartering for the Insurance Industry, Washington, D.C., April 4, 2003.

Forum for Corporate Conscience, Economics session facilitator, Charlotte, N.C., March 2003.

National Conference of Insurance Legislators, session on medical malpractice insurance crisis and tort reform, Savannah, Georgia, February 22, 2003.

National Conference of Insurance Legislators, Property/Casualty Insurance Committee Hearing on Model Rate Regulation Modernization Act, Santa Fe, N.M, November 21, 2003, on behalf of Allstate Insurance, State Farm Insurance, National Association of Independent Insurers, and National Association of Mutual Insurance Companies.