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Catastrophe Modeling: A New Approach to Managing Risk (Huebner International Series on Risk, Insurance and Economic Security) (9780387241050): Patricia Grossi, Howard Kunreuther: Books. This book fills a critical need in setting forth the role of modern risk analysis in managing catastrophe risk. There is no comparable reference work for this important subject area. The book is well written and well organized. It contains contributions from many of the most distinguished experts in the fields of risk analysis and risk management. It strikes a good balance between the technical aspects of the subject and the practical aspects of decision making.This book is strongly recommended for individuals who must make decisions regarding the management of impacts of catastrophe risks including those in both the public and private sector. (Wilfred D. Iwan, Professor of Applied Mechanics, Emeritus, Director, Earthquake Engineering Research Laboratory, California Institute of Technology) The authors have captured the essence of catastrophe modeling: its value, its utility and its limitations. Every practitioner in the catastrophe risk field should read this book. (Franklin W. Nutter, President, Reinsurance Association of America)

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