{"product_id":"9780226266251","title":"The Financing of Catastrophe Risk","description":"Is it possible that the insurance and reinsurance industries cannot handle a major catastrophe? Ten years ago, the notion that the overall cost of a single catastrophic event might exceed $10 billion was unthinkable. With ever increasing property-casualty risks and unabated growth in hazard-prone areas, insurers and reinsurers now envision the possibility of disaster losses of $50 to $100 billion in the United States.\u003cbr\u003e \u003cbr\u003e Against this backdrop, the capitalization of the insurance and reinsurance industries has become a crucial concern. While it remains unlikely that a single event might entirely bankrupt these industries, a big catastrophe could place firms under severe stress, jeopardizing both policy holders and investors and causing profound ripple effects throughout the U.S. economy.\u003cbr\u003e \u003cbr\u003e \u003ci\u003eThe Financing of Catastrophe Risk\u003c\/i\u003e assembles an impressive roster of experts from academia and industry to explore the disturbing yet realistic assumption that a large catastrophic event is inevitable. The essays offer tangible means of both reassessing and raising the level of preparedness throughout the insurance and reinsurance industries.\u003cbr\u003e \u003cbr\u003e","brand":"University of Chicago Press","offers":[{"title":"Default Title","offer_id":47078066618608,"sku":"9780226266251","price":113.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9780226266251_p0.jpg?v=1763674463","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780226266251","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}