Charpentier, Arthur - In: The Geneva Papers on Risk and Insurance - Issues and … 33 (2008) 1, pp. 91-109
The IPCC 2007 report noted that both the frequency and strength of hurricanes, floods and droughts have increased during the past few years. Thus, climate risk, and more specifically natural catastrophes, are now hardly insurable: losses can be huge (and the actuarial pure premium might even be...