Preface and Acknowledgements. n1: Introduction. n1. The Problem of Catastrophe Risk. 2. Overview of Study. 3. Summary of Findings. n2: An Overview of Catastrophe Insurance Markets. n1. Characteristics of Residential Property Insurance. 2. Challenges to Insuring Catastrophe Risk. 3. Market Structure. 4. Market Conduct and Performance. n3: Regulatory Institutions and Policies. n1. The Framework for Insurance Regulation. 2.Key Regulatory Policies Affecting Catastrophe Insurance. 3. Regulation in Florida. 4. Regulation in New York. n4: Supply, Demand and Regulation of Catastrophe Insurance. n1. The Supply of Catastrophe Insurance. 2. The Structure of Demand for Homeowners Insurance. 3. Summary. n5: Demand Estimation for Homeowners Insurance Policies. n1. Estimation of Quantity Demanded. 2. Florida Results. 3. New York. 4. Guaranty Funds. 5. Summary. n6: Summary and Conclusions. nAppendix A: Structure-Conduct-Performance Framework. nAppendix B: Introduction to Catastrophe Modeling. n1. AIR Catastrophe Modeling Technology. 2. Event Generation Module. 3. Local Intensity Module. 4. Damage Module. 5. Insured Loss Module. 6. Model Output. nReferences. Index.