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from space, and investigate whether insurance claim payments for damaged residential property affected the local recovery … and describe the recovery’s determinants. We also find that insurance payments contributed significantly to the process of … effective than insurance-managed repairs in contributing to local recovery. …
Persistent link: https://www.econbiz.de/10011846154
Persistent link: https://www.econbiz.de/10014311449
We investigate the economic impact of stochastic endogenous extreme events and insurance in a growth model. Our … analytical results and computational experiments show that i) transparency of the insurance sector is the decisive requisite for … insurance fairly is preferable to an insurance industry which provides insurance with an overhead. …
Persistent link: https://www.econbiz.de/10010356093
Persistent link: https://www.econbiz.de/10012116158
case of the Italian earthquake insurance. In this sense, we examine in detail the vulnerability definition and its … relevance for citizens and for insurance companies. Then we investigate the Italian insurance market characterized by a very low … penetration of natural disasters insurance and the potential effects of a recent Government initiative called “Sisma Bonus”. The …
Persistent link: https://www.econbiz.de/10011883253
minimum level of flood insurance penetration, and the resulting increment in total premiums required to achieve this objective …. First, the paper estimates the share of premiums associated with insured floods events over total premiums. Then, it … investigates the extra premiums needed to close the flood protection gap by requiring all EU countries to reach a minimum level of …
Persistent link: https://www.econbiz.de/10014465253
ex-ante preparedness is needed to manage the risks. The paper discusses sovereign experience with disaster insurance as a … use by vulnerable countries. The paper especially aims to inform policy decisions on disaster insurance. Through … key instrument to mitigate the risks; proposes ways to judge the adequacy of insurance; and considers ways to enhance its …
Persistent link: https://www.econbiz.de/10012170086
Persistent link: https://www.econbiz.de/10009549790
natural catastrophes. Amidst budgetary cuts, there is a growing concern on societies' ability to design solvent disaster … recovery strategies, while addressing equity and affordability concerns. The participation of private sector along with public … objectives through the provision of (catastrophic) natural hazard insurance. This is the case of many OECD countries, notably …
Persistent link: https://www.econbiz.de/10010517703
were not sufficiently insured. One explanation why individuals reject to obtain insurance cover against natural hazards is … gives an economic analysis of the institutional arrangements on the market for natural disaster insurances focusing on … market for natural disaster insurances, in the way that it acts as an obstacle for the proper diffusion and therefore the …
Persistent link: https://www.econbiz.de/10009729295