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Fifty years of U.S. natural disaster insurance policy

Marcoux, Kendra; Wagner, Katherine R. H. - 2023

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

Social inequalities in climate change-attributed impacts of hurricane harvey

Smiley, Kevin T.; Noy, Ilan; Wehner, Michael; Frame, Dave; … - 2021

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

Risk selection in natural disaster insurance : the case of France

Jametti, Mario (contributor); … - 2006

It is widely recognized that market failureʺ prevents efficient risk sharing in natural disaster insurance. As a …

Persistent link: https://www.econbiz.de/10003301201

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...

Persistent link: https://www.econbiz.de/10012694052

On welfare frameworks and catastrophic climate risks

Millner, Antony - 2013

Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to "fat-tailed" risks of catastrophic outcomes (Weitzman, 2009b). Such risks are suggested to be an inevitable consequence of scientific uncertainty about the effects of increased...

Persistent link: https://www.econbiz.de/10010199723

Long-term growth effects of natural disasters : empirical evidence for droughts

Berlemann, Michael; Wenzel, Daniela - 2015

The ongoing process of climate change goes along with a higher frequency and/or severity of droughts. While the short-term growth consequences of droughts are comparatively well examined, little research has yet been devoted to the question whether and how droughts affect medium and long-term...

Persistent link: https://www.econbiz.de/10011384506

The social value of predicting hurricanes

Molina, Renato; Rudik, Ivan - 2022

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

Measuring the impact of insurance on urban recovery with light : the 2010-2011 New Zealand earthquakes

Cuong Nhu Nguyen; Noy, Ilan - 2018

We measure the longer-term effect of a major earthquake on the local economy, using night-time light intensity measured from space, and investigate whether insurance claim payments for damaged residential property affected the local recovery process. We focus on the destructive Canterbury...

Persistent link: https://www.econbiz.de/10011846154

The effects of physical and transition climate risk on stock markets : some multi-country evidence

Albanese, Marina; Caporale, Guglielmo Maria; Colella, Ida; … - 2024

This paper examines the impact of transition and physical climate risk on stock markets using, for the first time in this context, the annual CCPI index calculated by Germanwatch as well as its components (in addition to a wide range of other indices) for 48 countries from 2007 to 2023....

Persistent link: https://www.econbiz.de/10014564303

Sacrifice, discounting and climate policy : five questions

Karp, Larry S. - 2009

I offer a selective review of discounting and climate policy. Analytic and numerical models show that different assumptions greatly change the degree to which decisions about climate policy depend on the discount rate. I discuss a claim that standard models exaggerate the current generation's...

Persistent link: https://www.econbiz.de/10003872837

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