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Why Large Corporations Purchase Property/Liability Insurance
Main, Brian G.M.
25/2  (Winter 1983): 84-95

The purchase of property/liability insurance by a large, widely held corporation may be,from the view of a diversified equity holder redundant at best,and considering the high transaction costs involved, potentially wasteful. Yet responses from a survey of the Fortune 500 reveal that corporations find insurance an attractive method of compensating for various market imperfections.

 

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