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Council of Economic Advisers, Executive Office of the President, Executive (1 - 1 of 1 item)
Catastrophe Risk: U.S. and European Approaches to Insure Natural Catastrophe and Terrorism Risks
GAO-05-199: Published: Feb 28, 2005. Publicly Released: Mar 30, 2005.
Natural catastrophes and terrorist attacks can place enormous financial demands on the insurance industry, result in sharply higher premiums and substantially reduced coverage. As a result, interest has been raised in mechanisms to increase the capacity of the insurance industry to manage these types of events. In this report, GAO (1) provides an overview of the insurance industry's current capaci...