This text focuses on insurance as an industry and speculates
what would happen if the insurance industry were to be deregulated.
The basics of insurance are incorporated throughout, which allows
for a greater understanding of the possible implications of
deregulation and trends in competition. . . . What could have been
dry and tedious has instead been made pleasant by Banks McDowell,
who writes with an easy-to-read and informative style. Examples of
small case studies are woven into the text to further illustrate
the issues. The material is clear, concise, and thought-provoking
and is presented entirely without prejudice. "Business Information
ALERT"
The rapid rise in insurance premium costs coupled with the
problem of obtaining insurance at any cost for some applicants has
precipitated a crisis in the insurance industry. Many scholars and
industry analysts have suggested deregulation as a solution,
arguing that the actions of a free market are the only efficient
means of controlling costs and affordability. McDowell offers an
in-depth examination of the arguments in favor of and against
deregulation and analyzes what the probable effects of such
deregulation would be. Basing his study on the results of past
experiments, scholarly recommendations, economic analysis, and his
own work in the field, McDowell fully explores the various types of
deregulation that could be implemented and assesses the degree to
which they would fulfill the goals of maintaining the financial
solvency of insurance companies, keeping premiums from being
excessive, preventing discrimination among policyholders, and
making insurance available and affordable to all who want it.
McDowell begins with a discussion of what deregulation means.
Subsequent chapters trace the history of insurance regulation,
examine the complex goals of governmental insurance regulation, and
explore the nature of insurance in contemporary society. Turning to
a discussion of competition, McDowell illustrates the various
levels at which insurers can compete and examines both the problems
of regulation in each area and the likely effects of introducing
such competition. The issue of whether regulation of the industry
should be at the federal or state level receives thorough
treatment, as does the question of using insurance company mergers
to increase efficiency and lower costs. McDowell concludes with an
enlightening discussion of the series of choices among aims and
policies which must be made before the decision to deregulate or
not is taken. Insurance company executives and attorneys as well as
students of the insurance industry or of insurance law will find
McDowell's work a cogent exposition of the complex facets of the
insurance deregulation debate.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
