The Financing of Catastrophe Risk (National Bureau of Economic Research Project Report)
| Author | : | |
| Rating | : | 4.63 (668 Votes) |
| Asin | : | 0226266230 |
| Format Type | : | paperback |
| Number of Pages | : | 488 Pages |
| Publish Date | : | 2016-05-31 |
| Language | : | English |
DESCRIPTION:
Essential read about financing catastrophe risk. This book is an excellent treatment of an issue of increasing importance. As the costs of natural catastrophes continue to increase, the tools available to absorb the increasing costs of loss become more valuable. The book describes the demand for catastrophe in
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. 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. The essays offer tangible means of both reassessing and raising the level of preparedness throughout the insurance and reinsurance industries.. economy.The Financing of C