LEADER 04251nam 2200649Ia 450 001 9910458421703321 005 20210604024414.0 010 $a1-281-22348-4 010 $a9786611223489 010 $a0-226-26625-7 024 7 $a10.7208/9780226266251 035 $a(CKB)1000000000398726 035 $a(EBL)408529 035 $a(OCoLC)437248237 035 $a(SSID)ssj0000155126 035 $a(PQKBManifestationID)11161818 035 $a(PQKBTitleCode)TC0000155126 035 $a(PQKBWorkID)10113073 035 $a(PQKB)10652648 035 $a(MiAaPQ)EBC408529 035 $a(DE-B1597)535829 035 $a(OCoLC)781254962 035 $a(DE-B1597)9780226266251 035 $a(Au-PeEL)EBL408529 035 $a(CaPaEBR)ebr10216899 035 $a(CaONFJC)MIL122348 035 $a(EXLCZ)991000000000398726 100 $a19980923d1999 uy 0 101 0 $aeng 135 $aurun#---|u||u 181 $ctxt 182 $cc 183 $acr 200 04$aThe financing of catastrophe risk$b[electronic resource] /$fedited by Kenneth A. Froot 210 $aChicago $cUniversity of Chicago Press$d1999 215 $a1 online resource (490 p.) 225 1 $aA National Bureau of Economic Research project report 300 $aA 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. 311 0 $a0-226-26623-0 320 $aIncludes bibliographical references and indexes. 327 $tFront matter --$tNational Bureau of Economic Research --$tRelation of the Directors to the Work and Publications of the National Bureau of Economic Research --$tContents --$tAcknowledgments --$tIntroduction --$t1. Insurer Demand for Catastrophe Reinsurance --$t2. Alternative Means of Redistributing Catastrophic Risk in a National Risk-Management System --$t3. Pricing Excess-of-Loss Reinsurance Contracts against Catastrophic Loss --$t4. Challenges Facing the Insurance Industry in Managing Catastrophic Risks --$t5. The Pricing of U.S. Catastrophe Reinsurance --$t6. Reinsurance for Catastrophes and Cataclysms --$t7. The Influence of Income Tax Rules on Insurance Reserves --$t8. Courting Disaster? The Transformation of Federal Disaster Policy since 1803 --$t9. The Moral Hazard of Insuring the Insurers --$t10. Index Hedge Performance: Insurer Market Penetration and Basis Risk --$t11. Panel Discussions --$tContributors --$tAuthor Index --$tSubject Index 330 $aIs 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$10 billion was unthinkable. 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 $100 billion in the United States. Against this backdrop, the capitalization of the insurance and reinsurance industries has become a crucial concern. While it remains unlikely that a single event might entirely bankrupt these industries, a big catastrophe could place firms under severe stress, jeopardizing both policy holders and investors and causing profound ripple effects throughout the U.S. economy. The Financing of Catastrophe Risk assembles an impressive roster of experts from academia and industry to explore the disturbing yet realistic assumption that a large catastrophic event is inevitable. The essays offer tangible means of both reassessing and raising the level of preparedness throughout the insurance and reinsurance industries. 410 0$aNational Bureau of Economic Research project report. 606 $aCasualty insurance$zUnited States 606 $aDisaster insurance$zUnited States 608 $aElectronic books. 615 0$aCasualty insurance 615 0$aDisaster insurance 676 $a368.12/201/0973 701 $aFroot$b Kenneth$0133079 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910458421703321 996 $aThe financing of catastrophe risk$92253487 997 $aUNINA