Kent Smetters
Boettner Associate Professor of Insurance and Risk Management, Wharton School at the University of Pennsylvania
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Boettner Associate Professor of Insurance and Risk Management, Wharton School at the University of Pennsylvania
The Hamilton Project hosted a discussion on what the government can do to foster market-based solutions to major risks. Markets that could potentially mitigate or reduce some of the biggest risks faced by the American people and their broader communities are nonexistent or underutilized.
Catastrophe insurance helps spread risks and increases the ability of policyholders and the economy to recover from both natural disasters and terrorist attacks. This paper discusses several policy options to finance losses from catastrophic risk.