. Concurrently, the number and volume of flood insurance policies has been declining since 2008. Hence, households who have purchased … after a natural disaster that caused more than a billion dollar in damages. Results suggest a substantial increase in … securitization activity in years following such a billion-dollar disaster. Such increase is larger in neighborhoods for which such a …

pre-disaster trend, and do not recover within twenty years. Both rich and poor countries exhibit this response, with … suppression of annual growth rates spread across the fifteen years following disaster, generating large and significant cumulative … continuous exposure to disaster. Linking these results to projections of future cyclone activity, we estimate that under …

How do innovators respond to the shock of a natural disaster? Do natural disasters spur technical innovations that can …, droughts and flooding on the innovation of their respective mitigation technologies. Using patent and disaster data, our study …

This paper examines the optimal design of insurance and reinsurance policies. We first consider reinsurance for … threaten the solvency of re- insurance such as a major earthquake, while others derive from common risks-changes in conditions …. Premium risk emerges as an important part of risk, which reinsurance and primary insurance markets do not adequately diversify." …

This paper proposes long-term insurance (LTI) as an alternative to the standard annual homeowners policy using lessons …

The first section of the paper addresses the first question by outlining two principles on which a disaster insurance … question and delineates the opportunities and challenges of a comprehensive disaster insurance program. Section 5 poses a set … of open issues that are currently being addressed by a research project on disaster insurance undertaken by the Wharton …

earthquake protection in Quebec and British Columbia is influenced by the default option and the structure of the insurance plan … of the following options: the current private insurance plan, a high deductible private insurance plan, and a proposed … pool rather than the current private insurance plan increases the likelihood of purchasing earthquake protection by 151 …

use CAT bonds for insurance only if the cost of issuing these bonds were significantly smaller than it is in the data. The … welfare gains from CAT bonds range from small to substantial depending on how insurance affects the country's external …

-makers not to invest in adaptation measures until after it is too late. In an interdependent world with no intervention by the …. These may include multi-year insurance contracts, well-enforced regulations, third-party inspections, and alternative risk …