NBER Books - The Financing of Catastrophe Risk



The Financing of Catastrophe Risk
Kenneth A. Froot, editor

The University of Chicago Press, 1999
Cloth: $68.00
478 pages
ISBN: 0-226-26623-0

Table of Contents:

    Introduction
    Kenneth A. Froot

    1. Insurer Demand for Catastrophe Reinsurance
    Anne Gron
      Comment: Steven F. Goldberg
      Comment: Raghuram Rajan

    2. Alternative Means of Redistributing Catastrophic Risk in a National Risk Management System
    Christopher M. Lewis and Kevin C. Murdock

      Comment: Peter Diamond
      Comment: Paolo M. Pellegrini

    3. Pricing Excess-of-Loss Reinsurance Contracts against Catastrophic Loss
    J. David Cummins, Christopher M. Lewis, and Richard D. Phillips

      Comment: Sanjiv Ranjan Das
      Comment: James A. Tilley

    4. Challenges Facing the Insurance Industry in Managing Catastrophic Risks
    Paul R. Kleindorfer and Howard C. Kunreuther

      Comment: James R. Garven
      Comment: Dwight Jaffee

    5. The Pricing of U.S. Catastrophe Reinsurance
    Kenneth A. Froot and Paul G. J. O'Connell

      Comment: Jeremy C. Stein

    6. Reinsurance for Catastrophes and Cataclysms
    David M. Cutler and Richard J. Zeckhauser

      Comment: John H. Cochrane

    7. The Influence of Income Tax Rules on Insurance Reserves
    David F. Bradford and Kyle D. Logue

      Comment: Ross J. Davidson Jr.
      Comment: James R. Hines Jr.

    8. Courting Disaster? The Transformation of Federal Disaster Policy since 1803
    David A. Moss

      Comment: Clement S. Dwyer Jr.
      Comment: R. Glenn Hubbard

    9. The Moral Hazard of Insuring the Insurers
    James G. Bohn and Brian J. Hall

      Comment: Christopher M. McGhee
      Comment: David Scharfstein

    10. Index Hedge Performance: Insurer Market Penetration and Basis Risk
    John A. Major

      Comment: André F. Perold

    11. Panel Discussions