Over the last decade, the ideas, concepts and tools of risk management have colonised the way that organisations frame potential adverse outcomes associated with their activities. Intended as a means of optimising the tolerance, rather than elimination, of adverse organisational outcomes, risk...

The insurability of natural hazards is challenged by two well-known problems: First, there is little demand for coverage against natural hazards under market conditions. This often results in adverse selection. Second, the issue of moral hazard becomes relevant, as purchasing insurance coverage...