Summary |
This monograph presents the results of the first significant attempt to examine empirically the nature of the demand for insurance against natural disasters at a detailed, microeconomic level within a regulated market. Examination has been made possible with the unprecedented assembly of an extensive, detailed database on residential insurance transactions affected by catastrophe risk, ISO provided these data to the authors on a confidential basis, and they provided considerable assistance in interpreting the data and in assisting us in understanding and computing model loss casts for Florida and New York policies covered by the data. The insurers included in this database granted explicit permission for the authors to use these data on a confidential basis.
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