Uncovered The Story of Insurance in America

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  • Engels
  • Hardcover
  • 9780190094157
  • 18 augustus 2024
  • 416 pagina's
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Historically, the insurance industry in America has been fragmented. As a result, there have been debates and conflicts over the proper roles of federal and state governments, business, and the responsibilities of individuals. Who should cover the risks of loss? And to what extent should risk be shared and by whom? In Uncovered, Katherine Hempstead answers these questions by exploring the history of the insurance business and its regulation in the United States from the 1870s through the twentieth century. Specifically, she focuses on the friction between the public demand for insurance and the private imperatives of insurers. Tracing the history of the industry from the early days of life, fire, and casualty insurance to the development of state regulation in the late nineteenth century, Hempstead examines the role that insurers initially played in the largely voluntary social safety net and how this changed over time. After the Great Depression, the federal government assumed a greater role in the provision of insurance, while insurers enthusiastically pursued the growing business of employee benefits. As the twentieth century progressed, insurers and government have become interdependent, with insurers participating in publicly funded markets. As Hempstead shows, periodic crises in life, fire, health, auto, and liability insurance highlighted gaps between the coverage that insurers were willing to provide and what the public demanded. Highlighting how the major part states play in insurance regulation has made it harder to solve important problems, Uncovered fundamentally changes our understanding of the crucial role that insurance has always played in American politics.

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Taal
en
Bindwijze
Hardcover
Oorspronkelijke releasedatum
18 augustus 2024
Aantal pagina's
416

Betrokkenen

Hoofdauteur
Katherine Hempstead
Hoofduitgeverij
Oxford University Press Inc

Overige kenmerken

Product breedte
156 mm
Product hoogte
3 mm
Product lengte
235 mm
Verpakking breedte
156 mm
Verpakking hoogte
3 mm
Verpakking lengte
235 mm

EAN

EAN
9780190094157

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