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The Financing of Catastrophe Risk PDF
By:Kenneth A. Froot
Published on 2007-12-01 by University of Chicago Press

Is it possible that the insurance and reinsurance industries cannot handle a major catastrophe? Ten years ago, the notion that the overall cost of a single catastrophic event might exceed $10 billion was unthinkable. With ever increasing property-casualty risks and unabated growth in hazard-prone areas, insurers and reinsurers now envision the possibility of disaster losses of $50 to $100 billion in the United States. Against this backdrop, the capitalization of the insurance and reinsurance industries has become a crucial concern. While it remains unlikely that a single event might entirely bankrupt these industries, a big catastrophe could place firms under severe stress, jeopardizing both policy holders and investors and causing profound ripple effects throughout the U.S. economy. The Financing of Catastrophe Risk assembles an impressive roster of experts from academia and industry to explore the disturbing yet realistic assumption that a large catastrophic event is inevitable. The essays offer tangible means of both reassessing and raising the level of preparedness throughout the insurance and reinsurance industries.

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Book ID of The Financing of Catastrophe Risk's Books is 6kXph_NvBFMC, Book which was written byKenneth A. Froothave ETAG "UeGrE0zTUDU"

Book which was published by University of Chicago Press since 2007-12-01 have ISBNs, ISBN 13 Code is 9780226266251 and ISBN 10 Code is 0226266257

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Book which have "488 Pages" is Printed at BOOK under CategoryBusiness and Economics

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Download The Financing of Catastrophe Risk PDF Free

Download The Financing of Catastrophe Risk Books Free

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