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could have a significant effect on risk mitigation. Finally, I discuss the possibility and feasibility of regulation by …Under the influence of climate-related extremes, the world is exposed to more and more catastrophe risks. Regulation by … insurance may help realize the goal of mitigating catastrophe risk and the following losses. I explore five regulatory tools …
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We examine whether professional money managers overreact to large climatic disasters. We find that managers within a major disaster region underweight disaster zone stocks to a much greater degree than distant managers and that this aversion to disaster zone stocks is related to a salience bias...
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