Flood insurance differs widely in scope and form across Europe. Against the backdrop of rising flood losses a debate about the role of EU policy in shaping the future of this compensation tool is led by policy makers and industry. In this paper we investigate if and how current EU policies...

Die Hochwasserkatastrophe an Elbe und Mulde im Herbst 2002 hat es schlagartig ins allgemeine Bewusstsein gebracht: Selbst in unserer hoch entwickelten, modernen Dienstleistungsgesellschaft sind katastrophenaffine Risiken vorhanden, die ganz erhebliche räumliche Dimensionen besitzen und für die...

Recent research in financial economics has shown that rare large disasters have the potential to disrupt financial sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback effects on the macroeconomy. Research on disaster risks has...