Using staggered expansions of unemployment insurance (UI) benefits, this study examines moral costs as a constraint on managers’ layoff decisions and more generally, firm resource adjustment. UI not only reduces the burden for unemployed but also cost layoffs to their managers. We show that expanding leads larger in firms experiencing negative economic shocks. The licensing effects are stronger...

The deepening integration of the technology sector with FIRE (finance, insurance, real estate) is, arguably, one most consequential developments in contemporary political economy. With names like fintech, insurtech, and proptech, influence these industries can be found everywhere only continues to grow. At their heart, rise FIRE-tech is about upgrading old building new forms surveillance then a...

This paper focus on modeling and estimating tail parameters of commercial fire loss severity. Using extreme value theory, we centralized on the generalized Pareto distribution (GPD) and compare with standard parametric modeling based on Lognormal, Exponential, Gamma and Weibull distributions. In empirical study, we determine the thresholds of GPD through mean excess plot and Hill plot. Kolmogor...

Fire is considered one of the major natural hazards that damages European forests and causes losses for forest owner. The fires endanger financial stability enterprises, which may cause their economic decline. One possibility how to cover these insure land against this kind specific risk management. aim present paper analyse possibilities fire insurance owners enterprises in Slovak private mark...

The derivation of loss distribution from insurance data is a very interesting research topic but at the same time not an easy task. To find an analytic solution to the loss distribution may be mislading although this approach is frequently adopted in the actuarial literature. Moreover, it is well recognized that the loss distribution is strongly skewed with heavy tails and present small, medium...

A SAFETY, HEALTH, ENVIRONMENTAL and risk management professionals are stakeholders in issues involving safety, health and environmental protection. The insurance industry, in particular, is a major participant in the modern safety movement. As such, it exerts substantial influence on SH&E protection and regulatory compliance in various industrial, nonindustrial and commercial areas (including b...