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Property Insurance and Disaster Risk : New Evidence from Mortgage Escrow Data
Keys, Benjamin J.; Mulder, Philip - National Bureau of Economic Research - 2024
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 …
Persistent link: https://www.econbiz.de/10014576608
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An econometric analysis of the demand surge effect
Döhrmann, David; Gürtler, Marc; Hibbeln, Martin - 2013
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
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Insured loss inflation : how natural catastrophes affect reconstruction costs
Döhrmann, David; Gürtler, Marc; Hibbeln, Martin - 2013 - Last revised: March 6, 2014
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
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Credit When You Need It
Collier, Benjamin L.; Hartley, Daniel A.; Keys, Benjamin J. - National Bureau of Economic Research - 2024
application data from the U.S. Federal Disaster Loan program, which provides loans to households that have uninsured damages from … a federally-declared natural disaster, to a panel of credit records before and after the shock. We exploit a … following the disaster. We explore mechanisms using additional quasi-experimental variation in interest rates, finding support …
Persistent link: https://www.econbiz.de/10015056171
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Evaluating the Role of Insurance in Managing Risk of Future Pandemics
Kunreuther, Howard; Schupp, Jason - National Bureau of Economic Research - 2021
COVID-19 has demonstrated the challenges that policymakers, insurers, businesses, and employees face when disaster …
Persistent link: https://www.econbiz.de/10012585452
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Natural disaster and bank stability : evidence from the U.S. financial system
Noth, Felix; Schüwer, Ulrich - 2017
We document that natural disasters significantly weaken the stability of banks with business activities in affected regions, as reflected in lower z-scores, higher probabilities of default, higher non-performing assets ratios, higher foreclosure ratios, lower returns on assets and lower bank...
Persistent link: https://www.econbiz.de/10011603223
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Natural disasters and bank stability : evidence from the U.S. financial system
Noth, Felix; Schüwer, Ulrich - 2018 - This version: April 2018
We show that property damages from weather-related natural disasters significantly weaken the stability of banks with business activities in affected regions, as re ected in lower z-scores, higher probabilities of default, higher non-performing assets ratios, higher foreclosure ratios, lower...
Persistent link: https://www.econbiz.de/10012062094
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Race, power, and the subprime/forceclosure crisis : a mesoanalysis
Dymski, Gary Arthur; Hernandez, Jesus; Mohanty, Lisa - 2011
Economists' principal explanations of the subprime crisis differ from those developed by noneconomists in that the latter see it as rooted in the US legacy of racial/ethnic inequality, and especially in racial residential segregation, whereas the former ignore race. This paper traces this...
Persistent link: https://www.econbiz.de/10009009561
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Liquidity Crises in the Mortgage Market
Kim, You - 2020
Non-banks originated about half of all mortgages in 2016, and 75% of mortgages insured by the FHA or VA. Both shares are much higher than those observed at any point in the 2000s. We describe in this paper how non-bank mortgage companies are vulnerable to liquidity pressures in both their loan...
Persistent link: https://www.econbiz.de/10012852711
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Do Credit Booms Predict U.S. Recessions?
Mihai, Marius - 2019
This paper investigates the role of bank credit in predicting U.S. recessions since the 1960s in the context of a bivariate probit model. A set of results emerge. First, credit booms are shown to have strong positive effects in predicting declines in the business cycle at horizons ranging from...
Persistent link: https://www.econbiz.de/10012863483