•   •   •   •

Download the Paper (84 K, PDF file) - September 1, 2005 Tell a colleague about it. Printing Tips: Select 'print as image' in the Acrobat print dialog if you have trouble printing.

ABSTRACT:
Hurricane Katrina and the terrorist attacks of 9/11 2001 have focused attention on the appropriate role of government in providing insurance against catastrophes. This paper argues that wherever possible governments should follow policies which enable the continuation of a private insurance market. In the event that government must itself provide catastrophe insurance it should follow the same actuarially based pricing and reserving rules that would be followed by a competitive private market.

SUGGESTED CITATION:
Dwight Jaffee and Thomas Russell, "Should Governments Provide Catastrophe Insurance?" (September 1, 2005). Fisher Center for Real Estate & Urban Economics. Fisher Center Working Papers: Paper 296.
http://repositories.cdlib.org/iber/fcreue/fcwp/296