Keys, Benjamin J.; Mulder, Philip - National Bureau of Economic Research - 2024
-through of reinsurance costs. Third, we project that if the reinsurance shock persists, growing disaster risk will lead climate … associated with a stronger relationship between premiums and local disaster risk: A one standard-deviation increase in disaster … risk is associated with $500 higher premiums in 2023, up from $300 in 2018. Second, using the rapid rise in reinsurance …