Structured settlement underwriting is the underwriting of medically impaired lives for the purchase of an annuity to fund the settlement. Other than risk assessment, structured settlement (SS) underwriting has little in common with traditional life insurance underwriting. Most noteworthy of these differences is the relative lack of actuarial data on which to base decisions about mortality and t...

Previous comparative analyses of gross and net settlement have focused on the credit risk of the central counterparty in net settlement arrangements, and on the incentives for participants to alter the risk of the portfolio under net settlement. By modeling the trading economy that generates the demand for payment services, we are able to show some largely unexplored advantages of net settlemen...

As nuclear families have become increasingly less stable over the past quarter century, married couples have been faced with the difficult task of negotiating the terms by which marriage is ended. For parents, divorce involves questions revolving around the care and sustenance of children. In this paper we investigate whether observed divorce settlements indicate that parents make trade-offs in...

This study investigated the vault settlement characteristics of an unsymmetrically loaded tunnel which was excavated by annular excavation via core rock support method. Response surface methodology (RSM) was employed to design the experiments, evaluate the results with the purpose of optimizing the value of design parameters for reducing the vault settlement. The parameters such as horizontal d...