Similar Search Results

To improve is to change? : the effects of risk rating 2.0 on flood insurance demand

Ortega, Francesc; Petkov, Ivan - 2024

We present a theory of the demand for flood insurance and empirically analyze the effects of the adoption of Risk Rating 2.0, using individual insurance histories for all NFIP policies. The reform increased exit and reduced entry, both in the flood zone and its periphery. The reform had highly...

Persistent link: https://www.econbiz.de/10014535316

Flood risk and insurance take-up in the flood zone and its periphery

Petkov, Ivan; Ortega, Francesc - 2024

Many studies have investigated flood risk and insurance coverage in the 100-year flood zone, but much less is known about the periphery of the flood zone. We present a new approach to estimate flood risk and insurance take-up in the vicinity of the flood zone based on building-level inundation...

Persistent link: https://www.econbiz.de/10014514620

Managing the Risk of Natural Catastrophes : The Role and Functioning of State Insurance Programs

Kousky, Carolyn - 2010

This paper surveys state-mandated programs designed to provide natural catastrophe insurance to property owners and businesses unable to find a policy in the private market. The paper provides an overview of the 10 state programs offering wind or earthquake coverage and outlines the motivation...

Persistent link: https://www.econbiz.de/10014190974

The Better Trigger : Insuring Against Disaster Risk

Teh, Tse-Ling - 2014

Index triggers have enabled the extension of insurance to disaster risks by providing a simple mechanism to determine … insurance payment. Disaster risks are notoriously difficult to insure against due to the covariant nature of risks, moral hazard …

Persistent link: https://www.econbiz.de/10013062879

Demand for multi-year catastrophe insurance contracts : experimental evidence for mitigating the insurance gap

Dudek, Thomas; Ulm, Eric R.; Noy, Ilan - 2021

People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts to reduce these insurance gaps. We examine...

Persistent link: https://www.econbiz.de/10012694052

The Risk Sharing Implications of Disaster Insurance Funds

Boulatov, Alex; Dieckmann, Stephan - 2011

We study the risk sharing implications that arise from introducing a disaster relief fund to the cat insurance market …. Such a form of intervention can increase efficiency in the private market, and our design of disaster relief suggests a … seller to lower prices to such an extent that her revenues decrease upon introduction of disaster relief. We test two …

Persistent link: https://www.econbiz.de/10014200398

Basis risk and the demand for catastrophic rainfall insurance

Negi, Digvijay S.; Ramaswami, Bharat - In: Q open : a journal of agricultural, climate, … 4 (2024) 1, pp. 1-24

Rainfall is an important source of covariate shock in developing countries. Insurance against a rainfall index has, therefore, held much promise as a formal insurance product to protect the livelihoods of poor farmers. But how good is rainfall as a measure of covariate shocks? The imperfect...

Persistent link: https://www.econbiz.de/10015053889

The Democrat Disaster : Hurricane Exposure, Risk Aversion and Insurance Demand

Pahontu, Raluca L. - 2020

driven by voters' spending on private insurance and increased willingness to take risks when spared from disaster. I …

Persistent link: https://www.econbiz.de/10012844636

Insurance, weather, and financial stability

Kahn, Charles M.; Panjwani, Ahyan; Santos, João A. C. - 2024

In this paper, we introduce a model to study the interaction between insurance and banking. We build on the Federal Crop Insurance Act of 1980, which significantly expanded and restructured the decades-old federal crop insurance program and adverse weather shocks - over-exposure of crops to heat...

Persistent link: https://www.econbiz.de/10014551978

Climate Change and the Insurance Industry in India : Challenges and Opportunities

Anjanappa, Janardhana; Bhattacharya, Aritra - 2023

This study aims to assess the potential role of insurance in alleviating climate change risks in India. It does this by exploring the unique challenges and opportunities that the Indian insurance industry faces in integrating climate risk insurance into its risk management strategies. The study...

Persistent link: https://www.econbiz.de/10014350322