Article(print)2007

Facing Mother Nature

In: Regulation: the Cato review of business and government, Volume 30, Issue 3, p. 28-34

Grace, Martin F.; Klein, Robert W.

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Abstract

Addresses fallacies tainting the debate on catastrophe risk & (re)insurance in the wake of Hurricane Katrina. Attention is given to criticisms leveled against the insurance industry by politicians & consumer advocates, FL's failed legislative initiatives, & similar federal subsidization schemes. It is argued that unfettered private markets are the solution. Figures. Adapted from the source document.

Subjects

HurricanesPrivatizationRiskDisaster preventionInsurance

Languages

English

Publisher

Cato Institute, Washington, DC

ISSN: 0147-0590

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