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oai:recercat.cat:10230/4402025-12-23T02:15:17Zcom_2072_6col_2072_452953

Insuring California earthquakes and the role for catastrophe bonds Penalva, José S. Universitat Pompeu Fabra. Departament d'Economia i Empresa catastrophe bonds eartquake insurance calibration survival analysis Finance and Accounting The 1994 Northridge earthquake sent ripples to insurance conpanies everywhere. This was one in a series of natural disasters such as Hurricane Andrew which together with the problems in Lloyd's of London have insurance companies running for cover. This paper presents a calibration of the U.S. economy in a model with financial markets for insurance derivatives that suggests the U.S. economy can deal with the damage of natural catastrophe far better than one might think. 2017-07-26T12:07:59Z 2017-07-26T12:07:59Z 2001-01-01 2017-07-23T02:05:57Z info:eu-repo/semantics/workingPaper https://econ-papers.upf.edu/ca/paper.php?id=527 The Journal of Risk Finance, 3(4), 54-72, 2002 http://hdl.handle.net/10230/440 eng Economics and Business Working Papers Series; 527 L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons http://creativecommons.org/licenses/by-nc-nd/3.0/es/ info:eu-repo/semantics/openAccess application/pdf application/pdf