Alfred E. Hofflander, Jr., Richard M. Duvall, The Ruin Problem in Multiple Line Insurance: A Simplified Model, The Journal of Financial and Quantitative Analysis, Vol. 2, No. 2 (Jun., 1967), pp. 150-165
No takes yet. Share an insight, caveat, or question.
Hofflander et al. (1967) studied this question.
Synapse has enriched one closely related paper. Consider it for comparative context: