Insurance Working Group Meeting
Organized by Benjamin R. Handel and Motohiro Yogo
May 8, 2026
Royal Sonesta Hotel, Riverfront Room, 40 Edwin H. Land Blvd., Cambridge, MA
FORMAT: 25 minutes author presentation, 20 minutes discussant, 15 minutes Q&A.

Thursday, May 7

6:30 pm

Group Dinner - Royal Sonesta (Parkview Room)

Friday, May 8

8:00 am

Continental Breakfast

8:30 am

Economics of Property Insurance

Hyeyoon Jung, Federal Reserve Bank of New York
Kyle (Jaehoon) Jung, New York University

Discussant:
Sasha Indarte, University of Pennsylvania

9:30 am

Break

9:40 am

Optimal Flood Insurance in a Second-Best World: Fiscal Spillovers, Reclassification Risk and Moral Hazard

Jonathan Gruber, Massachusetts Institute of Technology and NBER
Adam Solomon, New York University

Discussant:
Ana-Maria Tenekedjieva, Arizona State University

10:40 am

Break

10:50 am

Risk Management, Product Offerings, and Consumer Surplus: Evidence from the Insurance Industry

Cameron M. Ellis, University of Iowa
Andrew Ellul, Indiana University
Chotibhak Jotikasthira, Southern Methodist University
Jianren Xu, University of North Texas

Discussant:
Ishita Sen, Harvard University

11:50 am

Lunch - Parkview Room

12:50 pm

From Long to Short: How Interest Rates Shape Life Insurance Markets

Ziang Li, Imperial College London
Derek Wenning, Indiana University Bloomington

Discussant:
Alexandru Barbu, INSEAD

1:50 pm

Break

2:00 pm

Moral Hazard under Liquidity Constraints

Keith Marzilli Ericson, Boston University and NBER
Johannes G. Jaspersen, Ludwig-Maximilians-Universität Munich
Justin R. Sydnor, University of Wisconsin - Madison and NBER

Discussant:
Nathaniel Hendren, Massachusetts Institute of Technology and NBER

3:00 pm

Break

3:10 pm

Public Procurement vs. Regulated Competition in Selection Markets

José Ignacio Cuesta, Stanford University and NBER
Pietro Tebaldi, Columbia University and NBER

Discussant:
Victoria Marone, Yale University and NBER

4:10 pm

Adjourn