insurance industry. We show via an event study that insurance markets worldwide are quite resilient to unexpected losses to …

insurance industry stock indices. We show via an event study that insurance sectors worldwide are quite resilient, in a market … value sense, to unexpected losses to capital: our data provide evidence that equity market investors believe that insurance …

.3%-0.4%. Mandatory insurance regimes in Europe absorb the negative short-run effect of a flood, while the National Flood Insurance …

This paper tests some existing theories developed over the past 25 years on corporate demand for insurance. Using a … standard property insurance and for catastrophe coverage (here, terrorism). We find that larger companies are more likely to … have some catastrophe coverage. Corporate demand for catastrophe insurance is found to be more price inelastic than …

This paper provides an overview on the existing systems of natural hazards insurance in Europe, their structural … system change are numerous, including failure to recognise the role of state guarantees in enabling private insurance markets …, mistaken legal objections against mandatory insurance, distributional conflicts between central and state governments and re …

winds, etc.) that have a severe impact on rural incomes. Weather insurance could cover the covariate risk for a community of …