Insuring catastrophes and the role of governments
In this paper we model the cost of providing insurance coverage against natural and man-made hazards. We propose an insurance market model that explains (1) the use of reinsurance to help finance the cost of catastrophic events and (2) the implicit (or explicit) presence of government entities actin...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Copernicus Publications
2013-08-01
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| Series: | Natural Hazards and Earth System Sciences |
| Online Access: | http://www.nat-hazards-earth-syst-sci.net/13/2053/2013/nhess-13-2053-2013.pdf |