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Insuring Against Natural Catastrophic Losses: The Policy Challenge Kent Smetters The Wharton School and NBER
Common Arguments for Intervention ,[object Object],[object Object],[object Object],[object Object],[object Object]
This talk: A Contrarian View   ,[object Object],[object Object],[object Object],[object Object]
But Current Insurance Market is Not Unfettered  ,[object Object],[object Object],[object Object]
Future Losses Difficult to Forecast ,[object Object],[object Object],[object Object],[object Object],[object Object]
Prevalence of Other Risky Markets ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
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[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Large Risks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Time Inconsistent Policies ,[object Object],[object Object],[object Object],[object Object],[object Object]
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Externalities ,[object Object],[object Object],[object Object],[object Object],[object Object]
Incomplete trading markets ,[object Object],[object Object],[object Object]
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Summary   ,[object Object],[object Object]

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  • 1. Insuring Against Natural Catastrophic Losses: The Policy Challenge Kent Smetters The Wharton School and NBER
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