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Measuring the impact of insurance on urban recovery with light : the 2010-2011 New Zealand earthquakes
Cuong Nhu Nguyen; Noy, Ilan - 2018
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
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Insuring peace : index-based livestock insurance, droughts, and conflict
Gehring, Kai; Schaudt, Paul - 2023
, 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
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Demand for multi-year catastrophe insurance contracts : experimental evidence for mitigating the insurance gap
Dudek, Thomas; Ulm, Eric R.; Noy, Ilan - 2021
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
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Do land use policies follow road construction
Garcia-López, Miquel-Àngel; Solé-Ollé, Albert; … - 2014
We study whether local land use policies are modified in response to enhanced demand for building generated by a new highway, and examine the extent to which this effect of land use regulations affects building activity. We focus on the case of Spain during the last housing boom (1995-2007). We...
Persistent link: https://www.econbiz.de/10010250036
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Analysing the determinants of credit risk for General Insurance firms in the UK
Caporale, Guglielmo Maria; Cerrato, Mario; Zhang, Xuan - 2016
This paper estimates a reduced-form model to assess the credit risk of General Insurance (GI) non-life firms in the UK … insurance firms. The implications of these findings for regulators of GI firms under the coming Solvency II are discussed. …
Persistent link: https://www.econbiz.de/10011497884
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A pandemic business interruption insurance
Louaas, Alexis; Picard, Pierre - 2020
We analyze how pandemic business interruption coverage can be put in place by building on capitalization mechanisms. The pandemic risk cannot be mutualized since it affects simultaneously a large number of businesses, and furthermore, it has a systemic nature because it goes along with a severe...
Persistent link: https://www.econbiz.de/10012387545
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Nitpicky insurers and the law of contracts
Bourgeon, Jean-Marc; Picard, Pierre M. - 2017
that hardly explains the many features of an insurance contract. We extend this setup to include the situation that the … show how the law of insurance contracts should allow insurers to incentivize policyholders to exert an adequate level of …
Persistent link: https://www.econbiz.de/10011723471
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Intergenerational actuarial fairness when longevity increases : amending the retirement age
Bravo, Jorge Miguel Ventura; Ayuso, Mercedes; Holzmann, … - 2021
Continuous longevity improvements and population ageing have led countries to modify national public pension schemes by increasing the standard and early retirement ages in a discretionary, scheduled, or automatic way, and by making it harder for people to retire prematurely. To this end,...
Persistent link: https://www.econbiz.de/10012668785
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Redistribution and insurance with simple tax instruments ; presented at CESifo Area Conference on Public Sector Economics, April 2015
Findeisen, Sebastian; Sachs, Dominik - 2015
provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … reveal that the insurance component contributes significantly to optimal labor tax rates and provides an informative lower …
Persistent link: https://www.econbiz.de/10011280819
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Redrawing of a housing market : insurance payouts and housing market recovery in the wake of the Christchurch earthquake of 2011
Cuong Nhu Nguyen; Noy, Ilan; Sommervoll, Dag Einar; … - 2020
damaged by an unusually destructive earthquake. Almost all of the houses were insured. We ask whether insurance was able to … mitigate the damage adequately, or whether the damage from the earthquake, and the associated insurance payments, led to a … spatial re-ordering of the housing market in the city. We find a negative correlation between insurance pay-outs and house …
Persistent link: https://www.econbiz.de/10012288010