Issler, Paulo; Stanton, Richard; Vergara-Alert, Carles; … - Fisher Center for Real Estate and Urban Economics … - 2020
property characteristics, and weather. We find a significant increase in mortgage delinquency and foreclosure after a fire, but … these effects decrease in the size of the fire,which we argue results from coordination externalities afforded by large … companiesto absorb fire-related losses. This paper provides central banks and insurance regulators witha framework for evaluating …