Catastrophe bundles can deal with unknown risk
Article Abstract:
The 10 biggest catastrophes in the period of 1989-1995 generated over $43 billion in insured property and casualty insurance losses. Climactic changes have made it difficult to predict potential losses, forcing property-casualty insurance companies into the reinsurance market to cover their exposures. Reinsurers must price their coverage based on accurate actuarial projections of risk or they will themselves be exposed to huge losses. Catastrophe bundles are new financial instruments that have been created to deal with catastrophic exposures. Bundles consist of a standard reinsurance contract and mutual fund catastrophic futures.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Pseudo psychology and fear of injury
Article Abstract:
Tests used by psychologists to assess psychological damage in persons filing damages suits contain many problems that insurers must consider when evaluating claims. For instance, test takers tend to change their past recollections to remain consistent with current beliefs. Psychologists will also apply test validity scales to all examinees regardless of differences in psychological profiles. Test performance can also be affected by drugs and unrelated events.
Publication Name: Best's Review Property-Casualty Insurance Edition
Subject: Insurance
ISSN: 0005-9714
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Catastrophes, asbestos hurt multi-peril writers. Homeowners results pummeled. Medical malpractice lost steam in 1995
- Abstracts: Balancing capital with risks. 1991 industry bond holdings. Claims management as a top priority
- Abstracts: Facts can puncture fear of air bags. Cartoon justice. Air skirmish
- Abstracts: Sharing the burden. ASO's feast of services
- Abstracts: Tried-and-true paths to college funding. Avoid U.S. estate taxes with life insurance