NATIONAL BUREAU
OF ECONOMIC RESEARCH, INC.
Insurance Project
Workshop
Kenneth Froot and Howard Kunreuther,
Organizers
February 10, 2006
1050 Massachusetts
Avenue
Cambridge,
Massachusetts
PRELIMINARY PROGRAM
THURSDAY,
FEBRUARY 9:
6:30 pm
Group Dinner
5
FRIDAY, FEBRUARY
10:
7:45 am
Shuttle
Vans Depart The Royal Sonesta Hotel for
8:00 am
Continental Breakfast
8:15 am
Introductions
8:30 am
DAVID CUTLER,
AMY FINKELSTEIN, MIT and
NBER
KATHLEEN MCGARRY, UC,
Preference
Heterogeneity and Insurance Markets
Discussant: ALEXANDER
MUERMANN,
9:20 am
SILKE BRANDTS and CHRISTIAN LAUX,
ART versus Reinsurance:
The Disciplining Effect of Information
Insensitivity
Discussant:
10:10 am
Break
10:25 am
DARIUS LAKDAWALLA, RAND Corporation and NBER
GEORGE ZANJANI, Federal Reserve
Bank of
Catastrophic Bonds,
Reinsurance, and the Optimal Collateralization of Risk Transfer
Discussant: STEWART MYERS, MIT and
NBER
11:15
am
RUSTAM IBRAGIMOV,
DWIGHT JAFFEE and JOHAN WALDEN,
UC, Berkeley
Non-DiversificationTraps in Markets for Catastrophic
Risk?
Discussant: THOMAS HOLZHEU, Swiss
RE
12:05 pm
Lunch - Future Plans for NBER Insurance Project
12:45 pm
Panel: Natural Disaster
Insurance
KAREN CLARK, Applied Insurance
Research
GORDON STEWART, Insurance
Information Institute
DAVID MOSS,
SCOTT HARRINGTON,
Moderator: KENNETH FROOT,
1.45 pm
MARTIN GRACE, ROBERT KLEIN and ZHIYONG LIU,
Mother Nature on the
Rampage: Implications for Insurance
Markets
Discussant: ROBERT SHILLER,
2:35 pm
FRANCIS GHESQUIERE, The World
Bank
LUIS JAMIN, University de Los
OLIVIER MAHUL, The World
Bank
Earthquake
Vulnerability Reduction Program in Colombia: A Probabilistic Cost Benefits
Analysis
Discussant: NEIL DOHERTY,
3:15 pm Break
3.30 pm
Panel: Terrorism Risk
Insurance
CHRISTOPHER LEWIS, The
ERWANN MICHEL-KERJAN, University
of Pennsylvania
LLOYD DIXON, RAND
Corporation
GORDON WOO, Risk Management
Solutions
Moderator: HOWARD
KUNREUTHER,
4:30 pm
DAVID CUMMINS,
YIJIA LIN and RICHARD PHILLIPS,
Discussant: ANNE GRON,
Northwestern University
5:20 pm
Adjourn
1/27/06