Premium
THE ESTIMATED IMPACT OF RESIDUAL MARKET ASSESSMENTS ON FLORIDA PROPERTY INSURERS
Author(s) -
Marlett David C.,
Eastman Alan D.
Publication year - 1998
Publication title -
risk management and insurance review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.386
H-Index - 16
eISSN - 1540-6296
pISSN - 1098-1616
DOI - 10.1111/j.1540-6296.1998.tb00081.x
Subject(s) - actuarial science , property insurance , property (philosophy) , property market , residual , business , property value , finance , economics , casualty insurance , insurance policy , computer science , real estate , epistemology , algorithm , philosophy
The authors examine the risk financing approach of the Florida state‐sponsored property insurance programs. The programs rely heavily on post‐disaster assessments on insurers to meet expected obligations. The authors evaluate the impact of the assessments and discuss whether this approach represents a realistic solution to the “cat problem.”