Financing Recovery from Large-Scale Natural Disasters.
Analyzes challenges facing property and casualty insurance and reinsurance companies in financing large-scale natural disasters, particularly during financial market turmoil. Discusses Congressional interest in financing recovery from natural disasters, and role and limitations of Federal disaster a...
| Corporate Authors: | , |
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| Format: | eBook |
| Language: | English |
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[Place of publication not identified] :
[publisher not identified],
2008.
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| Series: | U.S. Congressional Research.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | Analyzes challenges facing property and casualty insurance and reinsurance companies in financing large-scale natural disasters, particularly during financial market turmoil. Discusses Congressional interest in financing recovery from natural disasters, and role and limitations of Federal disaster assistance and private insurance. Assesses challenges of financing catastrophic risk, and discusses insurability of natural disasters given claims-paying capacity of insurers. Examines alternative risk transfer mechanisms, such as insurance-linked securities and contingent debt securities that complement traditional reinsurance; effects of financial crisis on unraveling capital structures that underlie certain State property insurance systems; and possible roles for Federal Government in market for catastrophe insurance coverage, as it considers policy options for resolving broader financial market crisis. Summarizes legislative options before the 110th Congress. |
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| Item Description: | Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource. |
| Physical Description: | 1 online resource. |