We investigate the economic impact of stochastic endogenous extreme events and insurance in a growth model. Our … analytical results and computational experiments show that i) transparency of the insurance sector is the decisive requisite for … insurance fairly is preferable to an insurance industry which provides insurance with an overhead. …

Insurance companies can be exposed to climate-related physical risk through their operations and to transition risk … life insurance companies in the U.S. We construct a novel physical risk factor by forming a portfolio of P&C insurers …