Since 1968, homeowners’ flood insurance in the United States has been mainly provided through the federally-run National Flood Insurance Program (NFIP). The Flood Insurance Reform Act of 2012 raises the possibility of moving coverage to the private sector, assuming the market can price this...

Summary of papersAs the above notes on the small group discussion highlight, a number of significant challenges face researchers, practitioners and policy makers in defining sustainable management and in designing a set of institutional arrangements which can work together to achieve...

We introduce a catastrophic risk model that captures the cumulative impact of climate change on future expected losses from hurricane risk. The annual growth rates of expected losses due to change in climate patterns (or “climate change factor”) are estimated based upon historical storm...

Disaster losses in the developing world have increased substantially over the past decade and are likely to accelerate in future years. This paper proposes an environmental risk management program for developing countries that consists of six modules. The pre-disaster phase includes risk...