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Summary and Conclusions

  • Chapter
Catastrophe Insurance

Part of the book series: Topics in Regulatory Economics and Policy ((TREP,volume 45))

Abstract

Public attention to the risk of natural disasters and its impact on insurance markets has been partially eclipsed by the terrorism threat, but nature’s perils have not subsided. While insurance markets and homeowners have made some essential adjustments in managing catastrophe risk, dislocations remain and a sustainable equilibrium has yet to be reached. Political and regulatory obstacles contribute to a failure to fully come to grips with the hard choices necessary to adequately prepare for the financial fallout of a severe disaster.

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Author information

Authors and Affiliations

  1. Georgia State University, Atlanta, Georgia

    Martin F. Grace & Robert W. Klein

  2. University of Pennsylvania, Philadelphia, Pennsylvania, USA

    Paul R. Kleindorfer

  3. Insurance Services Office, Inc., Jersey City, New Jersey, USA

    Michael R. Murray

Authors
  1. Martin F. Grace
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  2. Robert W. Klein
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  3. Paul R. Kleindorfer
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  4. Michael R. Murray
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Grace, M.F., Klein, R.W., Kleindorfer, P.R., Murray, M.R. (2003). Summary and Conclusions. In: Catastrophe Insurance. Topics in Regulatory Economics and Policy, vol 45. Springer, Boston, MA. https://doi.org/10.1007/978-1-4419-9268-0_6

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  • DOI: https://doi.org/10.1007/978-1-4419-9268-0_6

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-4867-2

  • Online ISBN: 978-1-4419-9268-0

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