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Acknowledgments Introduction Kenneth A. Froot 1. Insurer Demand for Catastrophe Reinsurance Anne Gron Comment: Steven F. Goldberg Comment: Raghuram Rajan 2. Alternative Means of Redistributing Catastrophic Risk in a National Risk Management System Christopher M. Lewis and Kevin C. Murdock Comment: Peter Diamond Comment: Paolo M. Pellegrini 3. Pricing Excess-of-Loss Reinsurance Contracts against Catastrophic Loss J. David Cummins, Christopher M. Lewis, and Richard D. Phillips Comment: Sanjiv Ranjan Das Comment: James A. Tilley 4. Challenges Facing the Insurance Industry in Managing Catastrophic Risks Paul R. Kleindorfer and Howard C. Kunreuther Comment: James R. Garven Comment: Dwight Jaffee 5. The Pricing of U.S. Catastrophe Reinsurance Kenneth A. Froot and Paul G. J. O'Connell Comment: Jeremy C. Stein 6. Reinsurance for Catastrophes and Cataclysms David M. Cutler and Richard J. Zeckhauser Comment: John H. Cochrane 7. The Influence of Income Tax Rules on Insurance Reserves David F. Bradford and Kyle D. Logue Comment: Ross J. Davidson Jr. Comment: James R. Hines Jr. 8. Courting Disaster? The Transformation of Federal Disaster Policy since 1803 David A. Moss Comment: Clement S. Dwyer Jr. Comment: R. Glenn Hubbard 9. The Moral Hazard of Insuring the Insurers James G. Bohn and Brian J. Hall Comment: Christopher M. McGhee Comment: David Scharfstein 10. Index Hedge Performance: Insurer Market Penetration and Basis Risk John A. Major Comment: Andre F. Perold 11. Panel Discussions Contributors Author Index Subject Index
Kenneth Froot (Fri,) studied this question.