Summary

Thomas Russell and Dwight Jaffee argue that private markets should be able to insure against catastrophes like Hurricane Katrina or 9/11, but if government must, then it should follow the same actuarially based pricing and reserving rules that would be followed by a competitive private market.

Recommended Citation

Jaffee, Dwight M. and Russell, Thomas (2006) "Should Governments Provide Catastrophe Insurance?," The Economists' Voice: Vol. 3 : Iss. 5, Article 6.
DOI: 10.2202/1553-3832.1122
Available at: http://www.bepress.com/ev/vol3/iss5/art6

Readers' Reactions

Gloria E. Helfand, Letter: Consider the Consumer Side of the Market for Catastrophe Insurance (June 2006)