NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Insurance Project Workshop

Kenneth Froot and Howard Kunreuther, Organizers

February 1, 2002

1050 Massachusetts Avenue

Cambridge, Massachusetts

PRELIMINARY PROGRAM

ROLE OF INSURANCE AND PROTECTIVE MEASURES IN AN UNCERTAIN WORLD

THURSDAY, JANUARY 31

6:30 PM Group Dinner

Giannino's Restaurant

Charles Square Courtyard, Charles Hotel

Cambridge, MA

617/576-0605

FRIDAY, FEBRUARY 1:

8:30 AM Continental Breakfast

9:00 AM Introductions

9:15 AM CHRISTIAN GOLLIER, Université de Toulouse,

Insurability

Discussant: KENNETH FROOT, Harvard University and NBER

10:15 AM Break

10:45 AM DWIGHT JAFFEE, UC, Berkeley

THOMAS RUSSELL, Santa Clara University

Extreme Events and the Market for Terrorist Insurance

Discussant: W. KIP VISCUSI, Harvard University and NBER

11:45 AM J. DAVID CUMMINS and NEIL DOHERTY University of Pennsylvania

Federal Terrorism Reinsurance:

An Analysis of Issues and Program Design Alternatives

Discussant: CHRISTOPHER LEWIS, University of Connecticut

12:45 PM Lunch

Luncheon Panel Discussion:

The Status of Insurance and Reinsurance for Terrorism Coverage

1:45 PM GORDON WOO, Risk Management Solutions

Quantifying Insurance Terrorism Risk

Discussant: JOHN MAJOR, Guy Carpenter and Company, Inc.

2:45 PM Break

3:15 PM GEOFFREY HEAL, Columbia University

HOWARD KUNREUTHER, University of Pennsylvania and NBER

Interdependent Security: The Case of Identical Agents

Discussant: RICHARD ZECKHAUSER, Harvard University and NBER

4:15 PM MARTIN GRACE and ROBERT KLEIN, Georgia State University

PAUL KLEINDORFER, University of Pennsylvania

The Demand for Homeowners Insurance with Bundled

Catastrophe Coverages

Discussant: PAUL FREEMAN, University of Denver

5:15 PM Adjourn

1/17/02