Financing Recovery from Large-Scale Natural Disasters.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Business cycles.

Insurance companies.

Risk assessment.

Physical Description:

1 online resource (35 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2008.

System Details:

text file

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.

Notes:

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.

Other Format:

Microfiche version: Library of Congress. Congressional Research Service. Financing Recovery from Large-Scale Natural Disasters

Access Restriction:

Restricted for use by site license.