About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

LOG IN
LOG IN


13 J. Ins. Regul. 1 (1994-1995)

handle is hein.journals/jloins13 and id is 1 raw text is: Editor's Perspective The lead paper in this issue, Some Consequences of Insurer Insol- vencies, offers what will be a fresh insight to most people in the regulatory community. Guaranty fund protection is not paid for by the insurance industry, as commonly thought. The final incidence of guaranty fund assessment falls mostly on taxpayers and policyholders. Duration Gap as a Measure of Property/Casualty Insurer Interest Rate Risk addresses itself to interest rate risk, i.e. the threat to the value of an insurer's invested assets from interest rate fluctuations. This paper assesses the use of duration gaps as a tool for regulators to measure an insurer's exposure to interest rate risk. California is often the laboratory for testing new social institu- tions. Modeling Personal Lines Automobile Insurance in California: Development and Application to a Pay-at-the-Pump Proposal reports on the California Insurance Department's efforts to simulate the real world impacts of pay-at-the-pump auto insurance in a computer model. Superfund reauthorization is doubtlessly going to be heated. The stakes are high as our second paper demonstrates. Insurance Coverage Litigation and the Financial Impact of Superfund-Mandated Hazardous Waste Liabilities on the Insurance Industry discusses the turmoil in litigation, the huge costs being contested, and the impact of allocating these cleanup costs across the insurance industry. An Analysis of the Use of Common Relativity Factors for Rating Automobile Coverages carefully analyses the impact of a common method insurers use to spread the cost of auto insurance across dif- ferent classifications. They find current practice, under certain con- ditions, is not justified by relative losses and could be argued to be unfairly discriminatory. The Journal's Board of Directors is pleased to announce that the writing award for the best feature article of 1993 will be given to Stephen L. Poe, Kennes C. Huntley, and John H. Thornton for their paper Imminent Death and Accelerated Benefits: The Regulatory En-