Research Catalog

Title

Catastrophe modeling : a new approach to managing risk / Patricia Grossi, Howard Kunreuther, managing editors ; assisted by Chandu C. Patel.

Publication

New York, NY : Springer Science+Business Media, [2005], ©2005.

Items in the Library & Off-site

Holdings

Details

Additional Authors

• Grossi, Patricia.
• Kunreuther, Howard.
• Patel, Chandu C.

Description

xix, 245 pages : illustrations (some color), maps (some color); 25 cm.

Summary

"Catastrophe Modeling: A New Approach to Managing Risk is the first book that systematically analyzes how catastrophe models can be used for assessing and managing risks of extreme events. It focuses on natural disaster risk, but also discusses the management of terrorism risk. A unique feature of this book is the involvement of three leading catastrophe modeling firms, AIR Worldwide, EQECAT, and Risk Management Solutions, who examine the role of catastrophe modeling in rate setting, portfolio management and risk financing." "Using data from three model cities (Oakland, CA, Long Beach, CA and Miami/Dade County, FL), experts from the Wharton School of the University of Pennsylvania examine the role of catastrophe modeling to develop risk management strategies for reducing and spreading the losses from future disasters. Given the uncertainties associated with terrorism, the book points out the opportunities for utilizing catastrophe models to set insurance rates and to examine public-private partnerships for providing financial assistance in the event of a terrorist attack."--BOOK JACKET.

Series Statement

Huebner international series on risk, insurance, and economic security ; 25

Uniform Title

Huebner international series on risk, insurance, and economic security ; 25.

Subject

• Risk management
• Risk (Insurance)
• Natural disasters
• Disaster insurance

Bibliography (note)

• Includes bibliographical references and index.

Contents

1. Introduction : needs, stakeholders, and government initiatives / Patricia Grossi and Howard Kunreuther -- 2. An introduction to catastrophe models and insurance / Patricia Grossi, Howard Kunreuther and Don Windeler -- 3. The risk assessment process : the role of catastrophe modeling in dealing with natural hazards / Mehrdad Mahdyiar and Beverly Porter -- 4. Sources, nature, and impact of uncertainties on catastrophe modeling / Patricia Grossi and Don Windeler -- 5. Use of catastrophe models in insurance rate making / Dennis Kuzak and Tom Larsen -- 6. Insurance portfolio management / Weimin Dong and Patricia Grossi -- 7. Risk financing / David Lalonde -- 8. The impact of mitigation on homeowners and insurers : an analysis of model cities / Paul Kleindorfer, Patricia Grossi and Howard Kunreuther -- 9. The impact of risk transfer instruments : an analysis of model cities / Howard Kunreuther, Paul Kleindorfer and Patricia Grossi -- 10. Extending catastrophe modeling to terrorism / Howard Kunreuther, Erwann Michel-Kerjan and Beverly Porter.

ISBN

• 0387230823
• 0387231293 (e-book)

LCCN

2004058991

OCLC

• OCM56559416
• SCSB-5190820

Owning Institutions

Columbia University Libraries