Catastrophe Insurance
Consumer Demand, Markets and Regulation
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 si…
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Produktdetails
Weitere Autoren: Klein, Robert W. / Kleindorfer, Paul R. / Murray, Michael R.
- ISBN: 978-1-4419-9268-0
- EAN: 9781441992680
- Produktnummer: 37248737
- Verlag: Springer US
- Sprache: Englisch
- Erscheinungsjahr: 2012
- Seitenangabe: 147 S.
- Plattform: PDF
- Auflage: 2003
- Reihenbandnummer: 45
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