Similar Search Results

The Impact of a Government Risk Pool and an Opt-Out Framing on Demand for Earthquake Protection

Kunreuther, Howard; Conell-Price, Lynn; Kovacs, Paul; … - National Bureau of Economic Research - 2021

earthquake protection in Quebec and British Columbia is influenced by the default option and the structure of the insurance plan …. Homeowners in both provinces were given the opportunity to purchase protection against earthquake losses when presented with one … pool rather than the current private insurance plan increases the likelihood of purchasing earthquake protection by 151 …

Persistent link: https://www.econbiz.de/10012616592

Evaluating the Role of Insurance in Managing Risk of Future Pandemics

Kunreuther, Howard; Schupp, Jason - National Bureau of Economic Research - 2021

COVID-19 has demonstrated the challenges that policymakers, insurers, businesses, and employees face when disaster assistance programs are developed after the pandemic has already started. There is now an opportunity to design and implement effective and efficient solutions to manage the...

Persistent link: https://www.econbiz.de/10012585452

Default Options and Insurance Demand

Robinson, Peter John - 2020

Default options may provide a low-cost way of influencing behaviour without modifying incentives and constraining choices between alternatives. We study whether defaults can be used to increase insurance coverage against low-probability/high-impact risks, like floods, and whether past flood...

Persistent link: https://www.econbiz.de/10012481576

Long Term Insurance (LTI) for Addressing Catastrophe Risk

Jaffee, Dwight - 2008

This paper proposes long-term insurance (LTI) as an alternative to the standard annual homeowners policy using lessons from the mortgage market as a benchmark. LTI has the potential to significantly increase social welfare by reducing insurers' administrative costs, lowering search costs and...

Persistent link: https://www.econbiz.de/10012464437

Rules Rather Than Discretion : Lessons from Hurricane Katrina

Kunreuther, Howard - 2006

This paper explores options for programs to be put in place prior to a disaster to avoid large and often poorly-managed expenditures following a catastrophe and to provide appropriate protection against the risk of those large losses which do occur. The lack of interest in insurance protection...

Persistent link: https://www.econbiz.de/10012466162

Reflections on U.S. Disaster Insurance Policy for the 21st Century

Kunreuther, Howard - 2006

The devastation caused by hurricanes during the 2004 and 2005 seasons has been unprecedented and is forcing the insurance industry to reevaluate the role that it can play in dealing with future natural disasters in the United States. As shown in Table 1 the four hurricanes that hit Florida in...

Persistent link: https://www.econbiz.de/10012466215

Managing Catastrophic Risk

Kunreuther, Howard - 2012

A principal reason that losses from catastrophic risks have been increasing over time is that more individuals and firms are locating in harm's way while not taking appropriate protective measures. Several behavioural biases lead decision-makers not to invest in adaptation measures until after...

Persistent link: https://www.econbiz.de/10012460523

Corporate Demand for Insurance : An Empirical Analysis of the U.S. Market for Catastrophe and Non-Catastrophe Risks

Michel-Kerjan, Erwann - 2011

Using a unique dataset of insurance decisions by over 1,800 large U.S. corporations, this study provides the first empirical analysis of firm behavior that compares corporate demand for property and catastrophe insurance (here, terrorism). We combine demand and supply data and apply a...

Persistent link: https://www.econbiz.de/10012461255