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concerning catastrophic risk management policies in agriculture based on a survey addressed to both groups. Respondents were … farmers’ insurance to bear the costs. The results indicate that citizens generally accept public spending on agricultural risk …
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insurance may help realize the goal of mitigating catastrophe risk and the following losses. I explore five regulatory tools … — risk-based pricing, contract design, loss prevention services, claim management, and refusal to insure — used by … catastrophe insurers in five countries: U.K., U.S., France, Japan, and Turkey. I find that regulation by catastrophe insurance …
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We study the risk sharing implications that arise from introducing a disaster relief fund to the cat insurance market … predictions in the context of the Terrorism Risk Insurance Act (TRIA). It is already known the introduction of TRIA led to … low risk-averse firms -- two results that are consistent with our model. The seller's risk aversion plays an important …
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The severity of extreme weather events is increasing due to climate change, giving rise to physical climate risk …. However, physical climate risk is not only driven by the severity of individual hazards, but also by the interdependence of …/Snow, Landslide, Tornado, and Wildfire. We empirically estimate the tail risk of multi-hazard portfolios for the limiting cases of …
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