Fair Rate of Return in Property Liability Insurance

Chapters: Fairley, William B., "Investment income and profit margins in property - liability insurance: Theory and empirical results." Modigliani, Franco, and Hill, Raymond D., " The Massachusetts model of profit regulation in non-life insurance: An appraisal and extensions." Meyers, Stewart C., and Cohn, Richard A., "A discounted cash flow approach to property-liability insurance rate regulation." Turner, Andrew L., "Insurance in an equilibrium asset pricing model." Ross, Stephen A., and Kraus, Alan, "The determination of fair profits for the property-liability insurance firm." Derrig, Richard A. ,"The use of investment income in Massachusetts private passenger automobile and workers' compensation ratemaking." We cite the chapters for the above reference because many of the authors have been pioneers in developing the underlying financial theory or principal players in the debate.