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A Survivor Test of the American Agency System of Distributing Property Liability Insurance
Journal article   Peer reviewed

A Survivor Test of the American Agency System of Distributing Property Liability Insurance

Roger D. Blair and Jill B. Herndon
International journal of the economics of business, Vol.1(2), pp.283-290
01/01/1994
DOI: 10.1080/758516800

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Abstract

In earlier work byjoskow and by Cummins and VanDerhei, the American Agency system of distribution has been deemed inefficient, i.e. excessively costly. We test this in a natural way by examining whether the system survives in competition with more efficient systems. We find that it survives, but is in steady decline.
Insurance; Survivor principle JEL classifications:G22,L22,M21

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