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The Financing of Catastrophe Risk

by Kenneth Froot

  • ISBN: 9780226266237
  • ISBN10: 0226266230

The Financing of Catastrophe Risk

by Kenneth Froot

  • List Price: $121.00
  • Binding: Hardcover
  • Publisher: Univ of Chicago Pr
  • Publish date: 04/01/1999
  • ISBN: 9780226266237
  • ISBN10: 0226266230
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You are licensing a digital product for a set duration. Durations are set forth in the product description, with "Lifetime" typically meaning five (5) years of online access and permanent download to a supported device. All licenses are non-transferrable. More details can be found here. May come without consumable supplements like access codes, CD's, or workbooks.
Description: 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 $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.

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Seller: West with the Night
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Sewn binding. Cloth over boards. With dust jacket. 488 p. Contains: Illustrations. National Bureau of Economic Research Project Report. Audience: General/trade.
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Sewn binding. Cloth over boards. With dust jacket. 488 p. Contains: Illustrations. National Bureau of Economic Research Project Report. Audience: General/trade.
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Seller: ErgodeBooks
Location: Houston, TX
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Sewn binding. Cloth over boards. With dust jacket. 488 p. Contains: Illustrations. National Bureau of Economic Research Project Report.
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Sewn binding. Cloth over boards. With dust jacket. 488 p. Contains: Illustrations. National Bureau of Economic Research Project Report.
Seller: Bonita
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