English, Article, Journal or magazine article edition: Insuring California Earthquakes and the Role for Catastrophe Bonds José Penalva

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Bookmark: http://trove.nla.gov.au/version/154585
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Insuring California Earthquakes and the Role for Catastrophe Bonds
Author
  • José Penalva
Physical Description
  • preprint
Notes
  • The 1994 Northridge earthquake sent ripples to insurance conpanies everywhere. This was one in a series of natural disasters such as Hurricane Andrew which together with the problems in Lloyd's of London have insurance companies running for cover. This paper presents a calibration of the U.S. economy in a model with financial markets for insurance derivatives that suggests the U.S. economy can deal with the damage of natural catastrophe far better than one might think.
  • Catastrophe bonds, eartquake insurance, calibration, survival analysis
  • RePEc:upf:upfgen:527
Language
  • English
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