The financing of catastrophe risk
By: edited by Kenneth A. Froot.
Contributors: Froot, Kenneth.
Series: A National Bureau of Economic Research project report
Publisher: University of Chicago Press
Published: 1999
Place of publication: Chicago
Language: eng
Number of pages: 477
Subjects: Insurance, Disaster -- United States
Description: "Is it possible that the insurance and reinsurance industries cannot handle a major catastrophe? With ever increasing property-casualty risks and unabated growth in hazard-prone areas, insurers and reinsurers now envision the possibility of disaster losses of $50 to $100 billion in the United States. Against this backdrop, the capitalization of the insurance and reinsurance industries has become a crucial concern. While it remains unlikely that a single event might entirely bankrupt these industries, a big catastrophe could place firms, policy holders, and investors under stress." "The Financing of Catastrophe Risk assembles an impressive roster of experts from academia and industry to explore the important issue of how catastrophe risk should be distributed and financed."--BOOK JACKET.
Notes: Includes bibliographical references and indexes.
A collection of papers written for this volume and for the conference, "The Financing of Property Casualty Risks," organized by the editor under the auspices of the National Bureau of Economic Research and its Insurance Program.