It is widely recognized that “market failure” prevents efficient risk sharing in natural disaster insurance. As a …-private partnerships. We define risk selection as a situation where private companies pass insurance of high risk agents on to the public …

can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover … is influenced by other risk management strategies and that determinants of informal insurance differ from those of formal …

This paper studies the evolution of hurricane insurance in Florida over the last decades. Hurricanes (and other natural … insurance cover from the private market and/or can do so only at premiums that substantially exceed their expected claims costs … levels with the creation of Citizens Property Insurance Corporation (an insurer of last resort) and the Florida Hurricane …