The impact of catastrophes on property insurance : an honors thesis (HONRS 499)

This discussion of catastrophes is designed to provide a better understanding of their impact on the property insurance mechanism. The discussion includes an overview of recent major catastrophes which have struck the United States. Along with a discussion of the devastating losses sustained by insurers, the various ways in which the industry has responded are explored. Finally, suggestions on how insurers may cope with catastrophes in the future are given.