Facing Mother Nature

In: Regulation: the Cato review of business and government, Band 30, Heft 3, S. 28-34

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.