1.

Record Nr.

UNINA9910458421703321

Titolo

The financing of catastrophe risk [[electronic resource] /] / edited by Kenneth A. Froot

Pubbl/distr/stampa

Chicago, : University of Chicago Press, 1999

ISBN

1-281-22348-4

9786611223489

0-226-26625-7

Descrizione fisica

1 online resource (490 p.)

Collana

A National Bureau of Economic Research project report

Altri autori (Persone)

FrootKenneth

Disciplina

368.12/201/0973

Soggetti

Casualty insurance - United States

Disaster insurance - United States

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

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.

Nota di bibliografia

Includes bibliographical references and indexes.

Nota di contenuto

Front matter -- National Bureau of Economic Research -- Relation of the Directors to the Work and Publications of the National Bureau of Economic Research -- Contents -- Acknowledgments -- Introduction -- 1. Insurer Demand for Catastrophe Reinsurance -- 2. Alternative Means of Redistributing Catastrophic Risk in a National Risk-Management System -- 3. Pricing Excess-of-Loss Reinsurance Contracts against Catastrophic Loss -- 4. Challenges Facing the Insurance Industry in Managing Catastrophic Risks -- 5. The Pricing of U.S. Catastrophe Reinsurance -- 6. Reinsurance for Catastrophes and Cataclysms -- 7. The Influence of Income Tax Rules on Insurance Reserves -- 8. Courting Disaster? The Transformation of Federal Disaster Policy since 1803 -- 9. The Moral Hazard of Insuring the Insurers -- 10. Index Hedge Performance: Insurer Market Penetration and Basis Risk -- 11. Panel Discussions -- Contributors -- Author Index -- Subject Index

Sommario/riassunto

Is it possible that the insurance and reinsurance industries cannot



handle a major catastrophe? Ten years ago, the notion that the overall cost of a single catastrophic event might exceed