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Survivorship of Minnesota Township Mutual Fire Insurance Companies

Author

Listed:
  • White, James M.
  • Boland, Michael A.

Abstract

The objective of this research is an analysis of the firm-level factors that led to relatively longer survival for individual firms in the township mutual industry in Minnesota. Next, the trends in the data provide support for the claim that the shrinking number of farms in their market areas negatively impacts long-term survival. This consideration is even more significant to organizations that, as a result of their legal and historical legacies, have remained smaller than their commercial competitors. Moreover, the variable that was most significant in these analyses was surplus, or profitability. While it is helpful to know that profitability is heavily correlated with long-term survival, this finding does not provide a basis on which a practitioner can realize this result.

Suggested Citation

  • White, James M. & Boland, Michael A., 2014. "Survivorship of Minnesota Township Mutual Fire Insurance Companies," Journal of Cooperatives, NCERA-210, vol. 29, pages 1-27.
    • Handle: RePEc:ags:jlcoop:244023
    DOI: 10.22004/ag.econ.244023
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    References listed on IDEAS

    as
    1. Andrew M. Yuengert, 1993. "The measurement of efficiency in life insurance estimates of a mixed normal-gamma error model," Research Paper 9308, Federal Reserve Bank of New York.
    2. William Greene & Dan Segal, 2004. "Profitability and Efficiency in the U.S. Life Insurance Industry," Journal of Productivity Analysis, Springer, vol. 21(3), pages 229-247, May.
    3. Corey C. Risch & Michael A. Boland & John M. Crespi, 2014. "Survival of U.S. Sugar Beet Plants from 1897 to 2011," Agribusiness, John Wiley & Sons, Ltd., vol. 30(3), pages 265-277, June.
    4. Yuengert, Andrew M., 1993. "The measurement of efficiency in life insurance: Estimates of a mixed normal-gamma error model," Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 483-496, April.
    Full references (including those not matched with items on IDEAS)

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