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Innovative Insurance-Linked Securities for Financing Extreme Events

Howard C. Kunreuther and Erwann O. Michel-Kerjan

in At War with the Weather: Managing Large-Scale Risks in a New Era of Catastrophes

Published in print:
2009
Published Online:
August 2013
ISBN:
9780262012829
eISBN:
9780262255431
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262012829.003.0008
Subject:
Political Science, Political Economy

In the aftermath of the 2005 hurricane season, reinsurance prices for catastrophic risks increased dramatically in the United States. The pronounced reduction in the size of the retrocession market ... More


Proposed Innovations for Dealing with Catastrophic Risks

Howard C. Kunreuther and Erwann O. Michel-Kerjan

in At War with the Weather: Managing Large-Scale Risks in a New Era of Catastrophes

Published in print:
2009
Published Online:
August 2013
ISBN:
9780262012829
eISBN:
9780262255431
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262012829.003.0014
Subject:
Political Science, Political Economy

Hurricanes and other natural disasters cause significant damage which, combined with the growing population and assets in high-risk areas, underscores the need for a new approach not only for ... More


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