Richard Lee London, Thesis Supervisor Ron Gebhardtsbauer, Thesis Honors Advisor Lisa Lipowski Posey, Faculty Reader
Keywords:
insurance actuarial catastrophe
Abstract:
The United States has been the victim of seemingly countless catastrophes since the turn of the century. The damage caused by the series of hurricanes and various other natural disasters have led the United States to lead the world in total insured catastrophe losses. This report explores possible explanations for why this total is so high and provides suggestions for limiting such losses in the future. In particular, the catastrophe responses of Chile and Japan are studied to find solutions that the United States has yet to employ.
