The recent flood events in Germany have demonstrated that the nation's current system of private flood insurance is … suboptimal. The article provides novel nationwide survey data on stated flood insurance penetration (suggesting that many … expects governmental relief payments), and on the dissemination of private flood mitigation measures. Taking into account …

Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to … emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices …

Modeling the price risk of CO2 certificates is one important aspect of integral corporate risk management related to … emissions trading. The paper presents a risk model which may be the basis for evaluating the risk of emission certificate prices … expected reversion level and to estimate the parameters of the mean reversion process. -- risk ; carbon dioxide ; emissions …

Europe has implemented in record time the world's largest trading scheme. Actors in politics, public authorities and …

This paper compares alternative risk transfer mechanisms (insurance solutions) in three countries, which were affected … by the flood event in August 2005, namely Germany, Austria and Switzerland. The comparison focuses on the ability of the … problems the best. Second, a comparison of risk transfer mechanisms used in Germany, Austria and Switzerland shows that the …