To access the full text documents, please follow this link:

Insuring California earthquakes and the role for catastrophe bonds
Penalva, José
Universitat Pompeu Fabra. Departament d'Economia i Empresa
The 1994 Northridge earthquake sent ripples to insurance conpanieseverywhere. This was one in a series of natural disasters such asHurricane Andrew which together with the problems in Lloyd's of Londonhave insurance companies running for cover. This paper presents a calibration of the U.S. economy in a model with financial markets forinsurance derivatives that suggests the U.S. economy can deal with thedamage of natural catastrophe far better than one might think.
Finance and Accounting
catastrophe bonds
eartquake insurance
survival analysis
L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
Working Paper

Show full item record