PCS Index is basis for new cat option program. (Property Claim Service; Chicago Board of Trade option contracts based on catastrophic insurance): An ... & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on July 17, 1995. The length of the article is 4504 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 Chicago Board of Trade (CBOT) will introduce nine new catastrophic-insurance options contracts that will be based on a Property Claim Service benchmark index. CBOT Chmn Patrick Arbor explained that the new contracts, thanks to the use of the PCS indexes, will be based only on loss estimates, not loss ratios, making them more understandable. Trading in the exchange's Eastern, Western, Midwestern and National catastrophe-insurance contracts, introduced in 1992, will continue.

Citation Details
Title: PCS Index is basis for new cat option program. (Property Claim Service; Chicago Board of Trade option contracts based on catastrophic insurance)
Author: Brian Cox
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: July 17, 1995
Publisher: The National Underwriter Company
Issue: n29 Page: p3(1)

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