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.

Disaster insurance.

Finance--Law and legislation.

Finance.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[Place of publication not identified] [publisher not identified] 2009

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 111th Congress

Notes:

CRS Report

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

Vendor supplied data

Other Format:

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

Publisher Number:

CRS-2009-GVF-0165

Access Restriction:

Restricted for use by site license