Property Cat Woes Have Financial Solutions

2 Pages Posted: 9 Apr 2009

Date Written: September 1, 1997

Abstract

The property catastrophe reinsurance industry faces a major challenge. Since 1989, climatic volatility has produced unprecedented insured losses of $43 billion - $18 billion of which were from Hurricane Andrew alone. A surge of insurer defaults and dramatic changes in capacity and pricing have followed in their wake.

Suggested Citation

Chichilnisky, Graciela, Property Cat Woes Have Financial Solutions (September 1, 1997). Available at SSRN: https://ssrn.com/abstract=1375226 or http://dx.doi.org/10.2139/ssrn.1375226

Graciela Chichilnisky (Contact Author)

Columbia University ( email )

3022 Broadway
New York, NY 10027
United States
212 678 1148 (Phone)
212 678 0405 (Fax)

HOME PAGE: http://www.chilchilnisky.com

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