THE FINANCING OF CATASTROPHE RISK by Kenneth A. Froot ( 9780226266237 )

Item Details

Title:

THE FINANCING OF CATASTROPHE RISK

By:

Kenneth A. Froot

Format:

Hardback

List price:

£97.00

Our price:

£87.30

Discount:

10% off

You save:

£9.70

ISBN 10:

0226266230

ISBN 13:

9780226266237

Availability:

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Stock:

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Publisher:

THE UNIVERSITY OF CHICAGO PRESS

Pub. date:

28 May, 1999

Series:

National Bureau of Economic Research Project Reports

Pages:

476

Description:

This volume explores the disturbing yet realistic assumption that a large catastrophic event is inevitable. The essays aim to offer means of both reassessing and raising the level of preparedness throughout the insurance and reinsurance industries.

Synopsis:

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 dollars 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. This book explores the disturbing yet realistic assumption that a large catastrophic event is inevitable. The essays aim to offer means of both reassessing and raising the level of preparedness throughout the insurance and reinsurance industries.

Illustrations:

68 line drawings, 74 tables

Publication:

Imprint:

University of Chicago Press

Returns:

Returnable

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