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Kunreuther, Howard - 2012

-makers not to invest in adaptation measures until after it is too late. In an interdependent world with no intervention by the …

Persistent link: https://www.econbiz.de/10012460523

Mortgage Finance in the Face of Rising Climate Risk

Ouazad, Amine - 2019

securitization activity in years following such a billion-dollar disaster. Such increase is larger in neighborhoods for which such a … securitized mortgages. This paper uses the impact of one such sharp rule, the conforming loan limit, on securitization volumes. We … after a natural disaster that caused more than a billion dollar in damages. Results suggest a substantial increase in …

Persistent link: https://www.econbiz.de/10012480267

The Evolving Market for Catastrophic Event Risk

Froot, Kenneth A. - 1999

This paper discusses the recent changes in the market for catastrophe risk. These risks have traditionally been distributed through the insurance and reinsurance systems. However, because insurance companies tend to share relatively small amounts of their cat exposures and because insurance...

Persistent link: https://www.econbiz.de/10012471496

The Market for Catastrophe Risk : A Clinical Examination

Froot, Kenneth A. - 1999

This paper examines the market for catastrophe event risk -- i.e., financial claims that are linked to losses associated with natural hazards, such as hurricanes and earthquakes. This market is in transition as new approaches for transferring risk are being explored. The paper studies several...

Persistent link: https://www.econbiz.de/10012471497

Long Term Insurance (LTI) for Addressing Catastrophe Risk

Jaffee, Dwight - 2008

This paper proposes long-term insurance (LTI) as an alternative to the standard annual homeowners policy using lessons from the mortgage market as a benchmark. LTI has the potential to significantly increase social welfare by reducing insurers' administrative costs, lowering search costs and...

Persistent link: https://www.econbiz.de/10012464437

Reflections on U.S. Disaster Insurance Policy for the 21st Century

Kunreuther, Howard - 2006

The first section of the paper addresses the first question by outlining two principles on which a disaster insurance … question and delineates the opportunities and challenges of a comprehensive disaster insurance program. Section 5 poses a set … of open issues that are currently being addressed by a research project on disaster insurance undertaken by the Wharton …

Persistent link: https://www.econbiz.de/10012466215

The Catastrophic Effects of Natural Disasters on Insurance Markets

Viscusi, W. Kip - 2006

Natural catastrophes often have catastrophic risks on insurance companies as well as on the insured. Using a very large dataset on homeowners' insurance coverage by state, by firm, and by year for the 1984 to 2004 period, this paper documents the positive effect on losses and loss ratios of both...

Persistent link: https://www.econbiz.de/10012466317

The Market for Catastrophe Risk : A Clinical Examination

Froot, Kenneth A. - 2001

This paper examines the market for catastrophe event risk i.e., financial claims that are linked to losses associated with natural hazards, such as hurricanes and earthquakes. Risk management theory suggests protection by insurers and other corporations against the largest cat events is most...

Persistent link: https://www.econbiz.de/10012470619

The Pricing of Event Risks with Parameter Uncertainty

Froot, Kenneth A. - 2001

Financial instruments whose payoffs are linked to exogenous events, such as the occurrence of a natural catastrophe or an unusual weather pattern depend crucially on actuarial models for determining event (e.g., default) probabilities. In many instances, investors appear to receive premiums far...

Persistent link: https://www.econbiz.de/10012470623

The Pricing of U.S. Catastrophe Reinsurance

Froot, Kenneth A. - 1997

We explore two theories that have been advanced to explain the patterns in U.S. catastrophe reinsurance pricing. The first is that price variation is tied to demand shocks, driven in effect by changes in actuarially expected losses. The second holds that the supply of capital to the reinsurance...

Persistent link: https://www.econbiz.de/10012472774

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