... national index, five regional indices, and three state indices, for California, Florida, and Texas. For further discussion, see Cummins (2005).CAT BONDS AND OTHER RISK-LINKED SECURITIES 25Interestingly, ... Guy Carpenter ROL and LOLdata are based on average figures for Guy Carpenter clients buying reinsurance in 2005 and 2006 and are given separately for national primary insurers and regional primaryinsurers.Like ... ratios for LOLs of 1 percent, 2 percent, and 3 percent were 12.9, 7.1, and 5.2, respectively for national companies in 2006, and 5.9, 3.6, and 2.9, respectively for national companiesin 2005. These...