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on the universe of federal disaster declarations between 1989 and 2014, we document that congress members from districts … the disaster. The response to hurricanes does not seem to be driven by logrolling behavior or lobbysts' pressure. The …
Persistent link: https://www.econbiz.de/10012006068
different types of disasters, the effect of changing disaster risk so far has largely been neglected. In this paper we study the … effect of hurricane risk on individual self-reported life satisfaction. In order to do so we combine geo-referenced survey … we construct time-varying indicators of hurricane risk on the zip-code-level for the period of 2010 to 2018, based on …
Persistent link: https://www.econbiz.de/10012436249
associated with a stronger relationship between premiums and local disaster risk: A one standard-deviation increase in disaster …-through of reinsurance costs. Third, we project that if the reinsurance shock persists, growing disaster risk will lead climate … risk is associated with $500 higher premiums in 2023, up from $300 in 2018. Second, using the rapid rise in reinsurance …
Persistent link: https://www.econbiz.de/10014576608
Cummins, Doherty, and Lo (2002) present a theoretical and empirical analysis of the capacity of the property liability insurance industry in the U.S. to finance catastrophic losses. In their theoretical analysis, they show that a sufficient condition for capacity maximization is for all insurers...
Persistent link: https://www.econbiz.de/10013405928
During the last decades, the United States experienced an increase in the number of natural disasters as well as their destructive capability. Several studies suggest a damaging effect of natural disasters on income. In this paper, I estimate the effects of natural disasters on the entire income...
Persistent link: https://www.econbiz.de/10012546029
proposition that ex ante risk transfer policies are more efficient than ex post disaster relief. -- natural hazards ; growth … of societal risk transfer mechanisms mitigating the effects disasters. Dynamic panel estimates using growth data from a …
Persistent link: https://www.econbiz.de/10009731161
In case of a natural catastrophe there is an increased demand for skilled labor and materials which in turn leads to significant price increases that should be taken into account in the forecast of catastrophe losses. Such price effects are referred to as "Demand Surge" effects. The paper at...
Persistent link: https://www.econbiz.de/10009712472
In the aftermath of a natural catastrophe, there is increased demand for skilled reconstruction labor, which leads to significant increases in reconstruction labor wages and hence insured losses. Such inflation effects are known as "Demand Surge" effects. It is important for insurance companies...
Persistent link: https://www.econbiz.de/10010363108
an event study methodology, we estimate pre, during and post disaster impacts and document a slower response in pre-disaster … period than in post-disaster period. We further find that industries react differently to the same disaster and that …
Persistent link: https://www.econbiz.de/10012898349
, measures that individuals and governments take to adapt to climate change and transition to lower emissions risk increasing …
Persistent link: https://www.econbiz.de/10012660379