Insurance, Risk Management, and Public Policy

1. Front Matter

   Pages i-ix

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2. The Law of Large Numbers and the Strength of Insurance

   • Michael L. Smith, Stephen A. Kane

   Pages 1-27

3. Corporate Insurance, Reinvestment, and Capital Structure

   • Neil A. Doherty, James R. Garven

   Pages 29-47

4. Measuring the Interest Rate Risk of Property/Casualty Insurer Liabilities

   • David F. Babbel, David R. Klock

   Pages 49-74

5. Managing Domestic Versus Foreign Risks

   • Joan T. Schmit, Kendall Roth, Rick G. Winch

   Pages 75-91

6. Potential Price and Product Quality Changes for Insurance Delivered by Banks

   • S. Travis Pritchett

   Pages 93-113

7. Taxing Low Income Households in Pursuit of the Public Interest: The case of Compulsory Automobile Insurance

   • Scott E. Harrington

   Pages 115-137

8. The Effects of Shifting Medical Expense from Pip Auto Coverage to First Party Health Insurance

   • Patricia M. Danzon

   Pages 139-162

9. The Dark Side of Insurance

   • Stephen P. D’Arcy

   Pages 163-181

10. Back Matter

    Pages 183-184

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Five years ago the world lost one of its most prolific insurance scholars, Dr. Robert I. Mehr. His death in 1988 signalled the passing of not only a gifted writer and researcher, but also a pioneering teacher, mentor, and friend. The essays compiled within this volume are intended as an appropriate tribute to this occasionally outrageous individual who touched the lives of so many within the insurance community. Bob Mehr was a teacher who expected and demanded nothing less than perfect scholarship and flawless, efficient writing. Among alumni of the University of lllinois insurance doctoral program, stories still abound of late night and early morning sessions in which students and professor painstakingly debated precise words and phrases for dissertations, journal articles, and textbooks. Bob's respect for language was both immense and contagious, if at times more than a little compulsive. He joked that he could not read letters or novels without pencil in hand for editing. Bob's respect for his doctoral students was equally evident. The confidence he displayed in his students' abilities was sometimes startling, but "competence assumed" often begot "competence in fact." The accomplishments and records amassed by the many who studied with Bob Mehr are impressive and ongoing. On the dedication page in his final textbook, Fundamentals of Insurance, Bob spoke of his affection for those he called his "academic progeny" and wished them happiness as they build their own academic families.

• Finance
• Investment
• Risk Management
• economics
• insurance
• management

• University of Georgia, Athens, USA

  Sandra G. Gustavson

• University of South Carolina, Columbia, USA

  Scott E. Harrington

Policies and ethics