Michel-Kerjan, Erwann; Raschky, Paul A.; Kunreuther, … - 2009
This paper tests some existing theories developed over the past 25 years on corporate demand for insurance. Using a … standard property insurance and for catastrophe coverage (here, terrorism). We find that larger companies are more likely to … have some catastrophe coverage. Corporate demand for catastrophe insurance is found to be more price inelastic than …