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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
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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...
Persistent link: https://www.econbiz.de/10012694052
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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
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
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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
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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
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Information frictions and adverse selection : policy interventions in health insurance markets
Handel, Benjamin R.; Kolstad, Jonathan T.; Spinnewijn, … - 2015
A large literature has analyzed pricing inefficiencies in health insurance markets due to adverse selection, typically assuming informed, active consumers on the demand side of the market. However, recent evidence suggests that many consumers have information frictions that lead to suboptimal...
Persistent link: https://www.econbiz.de/10011392504
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Economic growth and longevity risk with adverse selection
Heijdra, Ben J.; Reijnders, Laurie S. M. - 2009
We study a closed economy featuring heterogeneous agents and exhibiting endogenous economic growth due to interfirm external effects. Individual agents differ in terms of their mortality profile. At birth, nature assigns a health status to each agent. Health type is private information and...
Persistent link: https://www.econbiz.de/10003923599
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The design of insurance coverage for medical products under imperfect competition
Bardey, David; Cremer, Helmuth; Lozachmeur, Jean-Marie - 2015
This paper studies the design of health insurance with ex post moral hazard, when there is imperfect competition in the market for the medical product. Various scenarios, such as monopoly pricing, price negotiation or horizontal differentiation are considered. The insurance contract specifies...
Persistent link: https://www.econbiz.de/10010488123
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Adverse selection in an insurance market with government-guaranteed subsistence levels
Kim, Bum J.; Schlesinger, Harris - 2004
We consider a competitive insurance market with adverse selection. Unlike the standard models, we assume that individuals receive the benefit of some type of potential government assistance that guarantees them a minimum level of wealth. For example, this assistance might be some type of...
Persistent link: https://www.econbiz.de/10011449545
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Insurance for catastrophes - indemnity vs. parametric insurance with imperfect information
Feess, Eberhard; Jordan, Cathrin; Noy, Ilan - 2022
Insurance for natural hazards - earthquakes, hurricanes, or pandemics - is rarely comprehensively adopted without intense government intervention, and even then it is often only a minority of properties or businesses that are insured. Efforts to close this insurance gap include the introduction...
Persistent link: https://www.econbiz.de/10013093046