{"product_id":"the-financing-of-catastrophe-risk-kenneth-a-froot-9780226266237","title":"The Financing of Catastrophe Risk","description":"Is it possible that the insurance and reinsurance industries cannot handle a major catastrophe? Ten years ago, the notion that the overall cost of a single catastrophic event might exceed $10 billion was unthinkable. With ever increasing property-casualty risks and unabated growth in hazard-prone areas, insurers and reinsurers now envision the possibility of disaster losses of $50 to $100 billion in the United States. \u003cp\u003e\u003c\/p\u003eAgainst this backdrop, the capitalization of the insurance and reinsurance industries has become a crucial concern. While it remains unlikely that a single event might entirely bankrupt these industries, a big catastrophe could place firms under severe stress, jeopardizing both policy holders and investors and causing profound ripple effects throughout the U.S. economy. \u003cp\u003e\u003c\/p\u003e\u003ci\u003eThe Financing of Catastrophe Risk\u003c\/i\u003e assembles an impressive roster of experts from academia and industry to explore the disturbing yet realistic assumption that a large catastrophic event is inevitable. The essays offer tangible means of both reassessing and raising the level of preparedness throughout the insurance and reinsurance industries. \u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Kenneth A. Froot\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0226266230\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780226266237\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e University of Chicago Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/01\/1999\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 488\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.81lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.22w x 1.31d","brand":"Kenneth A. Froot","offers":[{"title":"Hardcover","offer_id":48086399746303,"sku":"9780226266237","price":121.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_21aa5ace-e695-4931-abee-c83806e5a9bd.jpg?v=1769094459","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-financing-of-catastrophe-risk-kenneth-a-froot-9780226266237","provider":"WR Book House","version":"1.0","type":"link"}