NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

Insurance Project Workshop

 

Kenneth Froot and Howard Kunreuther, Organizers

 

May 8, 2008

 

NBER

1050 Massachusetts Avenue

Cambridge, Massachusetts

 

PRELIMINARY PROGRAM

 

WEDNESDAY, MAY 7:

 

 

 6:30 pm

Group Dinner

 

Legal Sea Foods – Harvard Square

 

Charles Hotel

 

20 University Road

 

Cambridge, MA

 

 

THURSDAY, MAY 8:

 

 

 8:00 am

Shuttle Vans Depart The Royal Sonesta Hotel for 1050 Mass. Ave.

 

 

 8:15 am

Continental Breakfast

 

 

 8:45 am

Introductions

 

 

 9:00 am

JOHN MAJOR, Guy Carpenter & Company, Inc.

 

On a Connection between Froot-Stein and the de Finetti Optimal Dividends Models (presentation slides)

 

 

 

Discussant:  KENNETH FROOT, Harvard University and NBER (discussion slides)

 

 

 9:50 am

THOMAS DAVIDOFF, UC, Berkeley

 

Illiquid Housing as Self-Insurance: the Case of Long Term Care (presentation slides)

 

 

 

Discussant:  DAVID MOSS, Harvard University (discussion slides)

 

 

10:40 am

Break

 

 

10:55 am

DWIGHT JAFFE, UC, Berkeley

 

HOWARD KUNREUTHER, University of Pennsylvania and NBER

 

ERWANN MICHEL KERJAN, University of Pennsylvania

 

The Development of Long Term Insurance (LTI) To Address Catastrophe Insurance Market Failure (presentation slides)

 

 

 

Discussant:  ROBERT SHILLER, Yale University and NBER (discussion slides)

 

 

11:45 am

NEIL DOHERTY and ANASTASIA KARTASHEVA,

 

University of Pennsylvania

 

RICHARD PHILLIPS, Georgia State University

 

Competition among Rating Agencies and Information Disclosure (presentation slides)

 

 

 

Discussant:  CHRISTOPHER LEWIS, The Hartford Financial Services Group (discussion slides)

 

 

12:35 pm

Lunch

 

Talk by MORTON LANE, Lane Financial

 

The Current State of Reinsurance and Alternative Risk Transfer Instruments

 

(presentation slides)

 

 

 1:35 pm

ROBERT KLEIN and MARTIN GRACE, Georgia State University

 

The Perfect Storm: Hurricanes, Insurance and Regulation (presentation slides)

 

 

 

Discussant:  RICHARD THOMAS, American International Group (discussion slides)

 

 

 2:25 pm

Break

 

 

 2:40 pm

PAUL RASCHKY, University of Innsbruck 

 

Natural Hazards, Growth and Risk Transfer: An Empirical Comparison between Risk-Transfer-Mechanisms in Europe and USA (presentation slides)

 

 

 

Discussant:  JEFFREY BROWN, University of Illinois at Urbana-Champaign and NBER (discussion slides)

 

 

 3:30 pm

CHRISTIAN LAUX, Goethe University Frankfurt

 

ALEX MUERMANN, Vienna University of Economics and Business Administration

 

Financing Risk Transfer under Governance Problems: Mutual versus Stock Insurers  (presentation slides)

 

 

 

Discussant:  KEITH CROCKER, Pennsylvania State University (discussion slides)

 

 

 4:20 pm

Adjourn

 

 

 

 

  5/14/08