Marine Insurance Liability: An Analysis of Mutuality vs. Fixed Premiums

Simple item page
dc.contributor.authorSpadafora, Stacy E.en
dc.contributor.committeechairWaud, Roger N.en
dc.contributor.committeememberLutton, Thomas J.en
dc.contributor.committeememberTheroux, Richarden
dc.contributor.departmentEconomicsen
dc.date.accessioned2014-03-14T20:46:15Zen
dc.date.adate2003-02-10en
dc.date.available2014-03-14T20:46:15Zen
dc.date.issued2002-07-25en
dc.date.rdate2004-02-10en
dc.date.sdate2002-10-02en
dc.description.abstractThis paper deals with the pricing differences between a mutual co-operative underwriting system and a fixed-premium underwriting system in providing coverage for marine liability. There has been much debate in recent years within the marine liability underwriting industry over which method fosters more competition, and hence, lower premiums for shipowners who are required to carry such coverage in order to operate. This paper will look at the current mutual marine insurance industry (Protection & Indemnity Associations or P&I Clubs) to compare its pricing both before and after the entry into the market of the fixed-premium underwriters, using data from 1985-2000 that encompasses both a major loss cycle and normal cyclical pricing variations. This analysis will hopefully provide information on whether mutual premium levels for the P&I Clubs differed substantially with the entry of the fixed-price competitors. This is important for the individual shipowners belonging to these mutual underwriting associations, because any variation in premium pricing could mean the potential for either great savings or tremendous losses.en
dc.description.degreeMaster of Artsen
dc.identifier.otheretd-10022002-155605en
dc.identifier.sourceurlhttp://scholar.lib.vt.edu/theses/available/etd-10022002-155605/en
dc.identifier.urihttp://hdl.handle.net/10919/35263en
dc.publisherVirginia Techen
dc.relation.haspartThesis_STACY_SPADAFORA.pdfen
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectfixed-rate premiumsen
dc.subjectmutual premiumsen
dc.subjectliabilityen
dc.subjectinsuranceen
dc.titleMarine Insurance Liability: An Analysis of Mutuality vs. Fixed Premiumsen
dc.typeThesisen
thesis.degree.disciplineEconomicsen
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen
thesis.degree.levelmastersen
thesis.degree.nameMaster of Artsen

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Thesis_STACY_SPADAFORA.pdf
Size:
861.5 KB
Format:
Adobe Portable Document Format
Download

Collections

Masters Theses