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Reciprocity and Insurance: Comment

The recent contributions to this journal by Herbert S. Denenberg and J. David Cummins examines reciprocity, one of the major issues in the ITT-Hartford Fire Insurance merger case. They enumerate the forms of reciprocity, the types of reciprical agreements that are illegal, the adverse economics efforts of reciprocity, the characteristics of insurance conducive to reciprocity, and the reasons why companies such as ITT would practice this business tactic. They conclude that a 1969 District court denial of a motion to bar the ITT-Hartford merger.

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	MacPhee, Craig R Professor Emeritus Expertise: International - Asia International - Europe International Trade & Finance NAFTA Public Policy Analysis Economics CBA 353 P.O. Box 880489 University of Nebraska-Lincoln Lincoln, NE 68588-0489, USA Phone: (402) 472-2319 Fax: (402) 472-9700 cmacphee1@unl.edu	MacPhee, Craig R	Economics