Product Description
This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on May 9, 1994. The length of the article is 661 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: The property and casualty insurance industry is in need of a futures contract to protect it from huge losses after a potential earthquake, according to Insurance Information Institute Senior VP and economist Sean F. Mooney. The contract would include a $10 million payout play offered by the Chicago Board of Trade and managed through the New York financial markets. Along with such a contract, much education needs to be done to help prevent damage in the first place.
Citation Details
Title: Mooney sees futures contract as quake cushion. (Insurance Information Institute Senior Vice President and Economist Sean, futures contract for the insurance industry)
Author: Alfred G. Haggerty
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: May 9, 1994
Publisher: The National Underwriter Company
Issue: n19 Page: p33(1)
Distributed by Thomson Gale
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