English, Article edition: Issuance Decisions and Strategic Focus: The Case of Long-Term Care Insurance Michael K. McShane; Larry A. Cox

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Issuance Decisions and Strategic Focus: The Case of Long-Term Care Insurance
Author
  • Michael K. McShane
  • Larry A. Cox
Physical Description
  • article
Notes
  • Increasing costs of long-term care are placing ever greater burdens on state and federal budgets, yet private long-term care insurance remains a relatively minor financing vehicle. Although many researchers provide rationales for the limited private market, some life-health insurers have forged ahead into this relatively new and risky line of business. We investigate what makes these insurers different and whether managers are following a diversification or strategic focus strategy. We find that strategic focus is a consistently important factor and that managers' participation and volume decisions are made independently. Copyright (c) The Journal of Risk and Insurance, 2009.
  • RePEc:bla:jrinsu:v:76:y:2009:i:1:p:87-108
Language
  • English
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