Similar Search Results

How Are Insurance Markets Adapting to Climate Change? Risk Selection and Regulation in the Market for Homeowners Insurance

Boomhower, Judson; Fowlie, Meredith; Gellman, Jacob; … - National Bureau of Economic Research - 2024

information about disaster risk and set prices that accurately reflect the costs of insuring this risk. We use proprietary data on …

Persistent link: https://www.econbiz.de/10014576654

Mortgage Finance in the Face of Rising Climate Risk

Ouazad, Amine - 2019

after a natural disaster that caused more than a billion dollar in damages. Results suggest a substantial increase in … securitization activity in years following such a billion-dollar disaster. Such increase is larger in neighborhoods for which such a … disaster is "new news", i.e. does not have a long history of hurricanes. Conforming loans are riskier in dimensions not …

Persistent link: https://www.econbiz.de/10012480267

Reinsurance for Catastrophes and Cataclysms

Cutler, David M. - 1997

This paper examines the optimal design of insurance and reinsurance policies. We first consider reinsurance for catastrophes: risks which are large for any one insurer but not for the reinsurance market as a whole. Reinsurance for catastrophes is complicated by adverse selection. Optimal...

Persistent link: https://www.econbiz.de/10012472911

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

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

Kunreuther, Howard - 2006

The first section of the paper addresses the first question by outlining two principles on which a disaster insurance … question and delineates the opportunities and challenges of a comprehensive disaster insurance program. Section 5 poses a set … of open issues that are currently being addressed by a research project on disaster insurance undertaken by the Wharton …

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

The Catastrophic Effects of Natural Disasters on Insurance Markets

Viscusi, W. Kip - 2006

Natural catastrophes often have catastrophic risks on insurance companies as well as on the insured. Using a very large dataset on homeowners' insurance coverage by state, by firm, and by year for the 1984 to 2004 period, this paper documents the positive effect on losses and loss ratios of both...

Persistent link: https://www.econbiz.de/10012466317

Aiding Decision-Making to Reduce the Impacts of Climate Change

Kunreuther, Howard - 2014

Utilizing theory and empirical insights from psychology and behavioral economics, this paper examines individuals' cognitive and motivational barriers to adopting climate change adaptation and mitigation measures that increase consumer welfare. We explore various strategies that take into...

Persistent link: https://www.econbiz.de/10012458873

Forest Fires : Why The Large Year-to-Year Variation in Forests Burned?

Apt, Jerome; Epple, Dennis N.; Sowell, Fallaw - National Bureau of Economic Research - 2023

Quantifying factors giving rise to temporal variation in forest fires is important for advancing scientific understanding and improving fire prevention. We demonstrate that eighty percent of the large year-to-year variation in forest area burned in California can be accounted for by variation in...

Persistent link: https://www.econbiz.de/10014372495

1
2
3
4
5
6
7
8
9
10
Next
Last