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1、ATWARWITHTHEWEATHERManagingLarge-ScaleRisksinaNewEraofCatastrophesHOWARDC.KUNREUTHERANDERWANNO.MICHEL-KERJANWITHNEILA.DOHERTY,MARTINF.GRACE,ROBERTW.KLEIN,ANDMARKV.PAULYAtWarwiththeWeatherAtWarwiththeWeatherManagingLarge-ScaleRisksinaNewEraofCatastrophesHowardC.KunreutherandErwann
2、O.Michel-KerjanwithNeilA.Doherty,MartinF.Grace,RobertW.Klein,andMarkV.PaulyTheMITPressCambridge,MassachusettsLondon,England62009MassachusettsInstituteofTechnologyAllrightsreserved.Nopartofthisbookmaybereproducedinanyformbyanyelectronicormechanicalmeans(includingphotocopying,recor
3、ding,orinformationstorageandretrieval)withoutpermissioninwritingfromthepublisher.Forinformationaboutspecialquantitydiscounts,pleaseemailspecial_sales@mitpress.mit.edu.ThisbookwassetinTimesRomanon3B2byAscoTypesetters,HongKong.PrintedandboundintheUnitedStatesofAmerica.LibraryofCong
4、ressCataloging-in-PublicationDataKunreuther,Howard.Atwarwiththeweather:managinglarge-scalerisksinaneweraofcatastrophes/HowardC.KunreutherandErwannO.Michel-KerjanwithNeilA.Doherty...[etal.].p.cm.Includesbibliographicalreferencesandindex.ISBN:978-0-262-01282-9(hardcover:alk.paper)1
5、.Disasterinsurance—UnitedStates.2.Emergencymanagement—UnitedStates.3.Riskmanagement—UnitedStates.I.Michel-Kerjan,Erwann.II.Title.HG9979.3.K862009368.102200973—dc22200804305810987654321ToGailandSandra,whohavehelpeduswiththeirbalancedperspectivestobetterappreciatethechallengesinvol
6、vedinmanagingextremeeventsContentsPrefacexiiiAcknowledgmentsxixICAUSEFORCONCERN11ANewEraofCatastrophes31.1RecentChangesintheImpactsofExtremeEvents41.2WhyAreTheseChangesOccurring?71.3FocusoftheStudy:Florida,NewYork,SouthCarolina,andTexas131.4KeyInterestedParties13Summary232Catastr
7、opheRiskandtheRegulationofPropertyInsurance:AComparativeAnalysisacrossStates252.1Introduction262.2OverviewoftheInstitutionalFrameworkforGovernmentIntervention272.3MarketRegulation312.4FinancialRegulation432.5StateInsuranceMechanisms442.6Conclusion57Summary583AMarketAnalysisofProp
8、ertyInsuranceagainstHurricaneRisk593.1In