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from space, and investigate whether insurance claim payments for damaged residential property affected the local recovery … event, more than 95% of residential housing units were covered by insurance, but insurance payments were staggered over 5 … and describe the recovery’s determinants. We also find that insurance payments contributed significantly to the process of …
Persistent link: https://www.econbiz.de/10011846154
People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many … homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts … to reduce these insurance gaps. We examine insurance decisions in a computer-administered experiment that makes several …
Persistent link: https://www.econbiz.de/10012694052
of natural disaster insurance in adapting to climate change. This chapter reviews current challenges in both public and … private natural disaster insurance markets in the United States and how the nature of these challenges has changed over the … complicate both the supply of and demand for natural disaster insurance, with spillovers to related markets such as real estate …
Persistent link: https://www.econbiz.de/10014281392
Climate change is already increasing the severity of extreme weather events such as with rainfall during hurricanes. But no research to date investigates if, and to what extent, there are social inequalities in current climate change-attributed flood impacts. Here, we use climate change...
Persistent link: https://www.econbiz.de/10012668885
, and climate change is predicted to intensify this problem. The Index-Based Livestock Insurance (IBLI) scheme piloted in …
Persistent link: https://www.econbiz.de/10014279886
The possibility of low-probability extreme events has reignited the debate over the optimal intensity and timing of climate policy. In this paper we therefore contribute to the literature by assessing the implications of low-probability extreme events on environmental policy in a continuous-time...
Persistent link: https://www.econbiz.de/10003994530
Hurricanes are among the costliest natural disasters in the world, with a significant portion of their impact linked to the accuracy of their forecasts. In this paper, we estimate the economic impacts of the official hurricane forecasts in the US and develop a new approach for measuring the...
Persistent link: https://www.econbiz.de/10013426083
It is widely recognized that market failureʺ 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 …
Persistent link: https://www.econbiz.de/10003301201
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 …
Persistent link: https://www.econbiz.de/10003883015
In this paper we briefly summarise the results of our studies of the property insurance market in 5 countries, Britain …, Spain, France, Switzerland and Germany. We then draw conclusions, how the market for insurance against natural disasters …
Persistent link: https://www.econbiz.de/10011511057