What is the impact and value of hurricane forecasts? We study this question using newly-collected forecast data for … major US hurricanes since 2005. We find higher wind speed forecasts increase pre-landfall protective spending, but erroneous … under-forecasts increase post-landfall damage and rebuilding expenditures. Our main contribution is a new theoretically …

: returns of uninsured bonds fall slowly in the weeks following a disaster, by 0.31% on average, translating into investor … losses of almost $10 billion. Source of bond revenue, bond insurance, disaster severity, federal disaster aid, and local …

assumption, effectively reducing the information available to actors and increasing ambiguity in the estimated climate … distribution. This is a systemic information shock that cannot be diversified within the insurance sector, producing higher and …

associated with a stronger relationship between premiums and local disaster risk: A one standard-deviation increase in disaster …-through of reinsurance costs. Third, we project that if the reinsurance shock persists, growing disaster risk will lead climate …

the disaster. The response to hurricanes does not seem to be driven by logrolling behavior or lobbysts' pressure. The …This paper studies how politicians and voters respond to new information on the threats of climate change. Using data … on the universe of federal disaster declarations between 1989 and 2014, we document that congress members from districts …

We provide the planner's solution to a model where households learn from exogenous natural disaster arrivals about … since disaster leads to pessimistic arrival-rate beliefs and taxes or mandates to fund mitigation, which reduce consumption …