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Catastrophe Insurance
Grace, Martin F.; Klein, Robert W.; Kleindorfer, Paul R.; Murray, Michael R.
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Description for Catastrophe Insurance
Paperback. Series: Topics in Regulatory Economics and Policy. Num Pages: 147 pages, biography. BIC Classification: KCC; KFF. Category: (P) Professional & Vocational. Dimension: 235 x 155 x 9. Weight in Grams: 254.
1. THE PROBLEM OF CATASTROPHE RISK The risk of large losses from natural disasters in the U.S. has significantly increased in recent years, straining private insurance markets and creating troublesome problems for disaster-prone areas. The threat of mega-catastrophes resulting from intense hurricanes or earthquakes striking major population centers has dramatically altered the insurance environment. Estimates of probable maximum losses (PMLs) to insurers from a mega catastrophe striking the U.S. range up to $100 billion depending on the location and intensity of the event (Applied Insurance Research, 2001).1 A severe disaster could have a significant financial impact on the industry (Cummins, ... Read more
1. THE PROBLEM OF CATASTROPHE RISK The risk of large losses from natural disasters in the U.S. has significantly increased in recent years, straining private insurance markets and creating troublesome problems for disaster-prone areas. The threat of mega-catastrophes resulting from intense hurricanes or earthquakes striking major population centers has dramatically altered the insurance environment. Estimates of probable maximum losses (PMLs) to insurers from a mega catastrophe striking the U.S. range up to $100 billion depending on the location and intensity of the event (Applied Insurance Research, 2001).1 A severe disaster could have a significant financial impact on the industry (Cummins, ... Read more
Product Details
Format
Paperback
Publication date
2012
Publisher
Springer-Verlag New York Inc. United States
Number of pages
147
Condition
New
Series
Topics in Regulatory Economics and Policy
Number of Pages
147
Place of Publication
New York, NY, United States
ISBN
9781461348672
SKU
V9781461348672
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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