Catastrophe Funds & Catastrophic Risk in New York State: Public/Private Partnerships in the Era of Mega-Disasters
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This PowerPoint report, presented at the annual meeting of the New York Insurance Association, focuses on the current debate over the need for a comprehensive national catastrophe program. The presentation includes a detailed description of the National Association of Insurance Commissioner’s national catastrophe proposal and lays out arguments for and against such plans. It also includes a section on legislation on the proposal introduced in Congress. The presentation also examines the threat of catastrophic loss in New York State, focusing on hurricane risk. A sequence of charts showing historical storm activity and population growth for coastal counties and New York City indicate that Long Island is potentially at grave risk from wind and flood damage. A preview of the 2006 hurricane season is included as is a review of the 2005 season. Current insurer financial and underwriting trends are also summarized as are catastrophe-related impacts on insurer insolvencies and impairments.
The following presentation is called "Catastrophe Funds & Catastrophic Risk in New York State: Public/Private Partnerships in the Era of Mega-Disasters". It was presented by Dr. Robert P. Hartwig on June 1, 2006.
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