Catastrophe Insurance Consumer Demand, Markets and Regulation / by Martin F. Grace, Robert W. Klein, Paul R. Kleindorfer, Michael R. Murray.
1. THE PROBLEM OF CATASTROPHE RISK The risk of large losses from natural disasters in the U.S. has significantly increased in recent years, straining private insurance markets and creating troublesome problems for disaster-prone areas. The threat of mega-catastrophes resulting from intense hurricane...
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