The risky business of insurance pricing

The factors influencing insurance pricing decisions are assessed using the ISO product liability ratemaking files for 1980–1984. The mean loss level has a strong positive effect on manual rates and premium rates/exposure. Evidence on a variety of ambiguity measures is more mixed. As a broad generalization, risk ambiguity lowers manual rates, which may reflect exclusion of large loss outliers as being unrepresentative. Risk ambiguity tends to have a positive effect on actual pricing decisions for particular policies, especially bodily injury lines and the interactive risk-ambiguity model.     

Portmanteau test for conditional heteroscedasticity, using ranks of squared residuals

Squared residual autocorrelations have been found useful in detecting departures from linearity in time series models. This is especially the case with data exhibiting heterogeneity in variances. A rank test is proposed which is much more robust than its parametric counterpart.     

Pulling together: building a community debriefing team.

1. Research shows that many emergency workers are affected physically and emotionally by critical incident stress. 2. Debriefings conducted by trained team members are an effective method to mitigate the impact of critical incident stress. A debriefing is a structured, time-limited group intervention. 3. Cooperation among community agencies is essential for the development and effective functioning of a critical incident stress debriefing team. 4. Several teams in Illinois have organized to form a Critical Incident Stress Debriefing Network. The Illinois network is part of an international organization composed of critical incident stress debriefing providers.     

The availability of personal and external coping resources: Thier impact on job stress and employee attitudes during organizational restructuring

This study examines the relationships among personal coping resources, social support, external coping resources, job stressors and job strains in a sample of 110 American Telephone and Telegraph employees undergoing a major organizational restructuring. The study expanded on a model suggested by Ashford (1988) by defining another category of coping resources that employees may draw upon to deal with the stressors and strains which occur during major organizational changes. External coping resources were defined as those which provided employees with a sense of 'vicarious control' in stressful situations. Results indicated that personal coping resources, social support and external coping resources had a direct effect upon job stressor and strain levels. No 'buffering' effect of these coplng resources was found. Hierarchical regression analyses indicated that external coping resources added to the prediction of job stressors and strains even when pertonal coping resources and social support were entered first into the prediction questions.     

A magical model to predict individual differences in mood change

We tested a mathematical model of psychological well-being (PWB) with data from a paradigm that included a negative mood induction followed by a positive induction. The propositions from the model encompass the hypothesis that the relative mood prior to either induction has implications for the magnitude of subsequent induction effects, such that relative mood is defined by current mood as a ratio of the prevailing mood that is predicted by the model. The findings confirm the hypothesis that the relative mood at baseline predicts mood change in a nonoverlapping time period, even after control for potentially mediating variables.     

The epidemiology of schizophrenia among Caribbean-born and first- and second-generation migrants in Britain

The study of migrants in their new environments is often a useful means of investigating environmental influences on health. Migrants have been found to develop higher rates of mental illness compared to their counterparts who remain at home. These deleterious effects of migration have been attributed to selection factors and stressful life experiences. Migration from an agricultural and traditional society to an urban industrial society where value systems can be demanding, often leads to role strain and role conflict. These kinds of incongruities are the beginning of a series of stressful experiences that contribute to poor health/mental health status. The extent to which one experiences stress is dependent on a number of factors. First, it depends on the perceived difference between home and the new environment. Second, it depends on the cultural homogeneity of the new environment, that is, the extent to which the migrant is readily assimilated into the new culture or is able to maintain a traditional lifestyle by living in an ethnic enclave, and the psychological resources available to successfully access services in the new environment. This paper examines the rates, incidence, and prevalence of schizophrenia found in Caribbean-born immigrants to Britain, and first- and second-generation people of Caribbean background born in Britain. It is argued that Afro-Caribbean people in England are overrepresented in the diagnosis of schizophrenia. Factors that may contribute to this finding range from unemployment, social disadvantage status, social adversity, racism in the health and criminal justice systems, and misdiagnosis.This paper was completed when the author served as Distinguished Visiting Professor-William Patterson College, Wayne, New Jersey.     

Liquid nitrogen treatment of hand and plantar warts.

The author reports on a study of the liquid nitrogen treatment of warts at the Rutgers University Student Health Center. He demonstrates that liquid nitrogen therapy is a safe, effective treatment method, appropriate for use by nurses and other primary providers in a college health setting.     

Unions,PAC contributions,and the NAFTA vote

Political action committees (PACs), especially those controlled by organized labor and business, have been shown to affect Congressional voting. We explore how PACs influenced the House of Representatives’ vote on the North American Free Trade Agreement (NAFTA). The NAFTA vote is analyzed because organized labor strongly opposed the treaty while business generally supported it and because of the straight-forward voting generated by its fast-track status. Probit analysis of a unique, unpublished data set containing information about PAC and non-PAC contributions to the 1992 House election campaigns demonstrates that Representatives who depended largely on labor PACs tended to oppose NAFTA, while Representatives who derived a large proportion of their campaign contributions from business PACs tended to favor its passage.