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: 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
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