Catastrophe risk financing in the United States and the European Union : a comparative analysis of alternative regulatory approaches

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<title>Catastrophe risk financing in the United States and the European Union</title>
<subTitle>: a comparative analysis of alternative regulatory approaches</subTitle>
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<namePart>Klein, Robert W.</namePart>
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<namePart>Wang, Shaun</namePart>
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<abstract displayLabel="Summary">This article examines and compares regulatory and other government policies in the United States and the EU generally and their approaches to the financing of catastrophe risk specifically. It is important to understand the fundamental differences between the two systems to gain insights into their disparate treatment of catastrophe risk financing. Although policies could be improved in both jurisdictions, the authors  argue that the much greater reform is needed in the United States relative to the EU regulatory policies that are being developed. They offer recommendations on how U.S. policies could be significantly improved as well as comment on issues facing the EU. They conclude with some observations on the needs for further progress in the U.S. and EU regulatory systems</abstract>
<note type="statement of responsibility">Robert W. Klein, Shaun Wang</note>
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<topic>Gerencia de riesgos</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080629755">
<topic>Seguro de riesgos extraordinarios</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080621391">
<topic>Financiación de los riesgos</topic>
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<topic>Reglamentación</topic>
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<topic>Análisis comparativo</topic>
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<topic>Supervisión financiera</topic>
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<geographic>Estados Unidos</geographic>
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<geographic>Unión Europea</geographic>
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<title>The Journal of risk and insurance</title>
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<publisher>Nueva York : The American Risk and Insurance Association, 1964-</publisher>
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<identifier type="issn">0022-4367</identifier>
<identifier type="local">MAP20077000727</identifier>
<part>
<text>01/09/2009 Tomo 76 Número 3  - 2009, p. 607-637</text>
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