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Natural Catastrophe Insurance : How Should the Government Intervene?

Charpentier, Arthur - 2014

This paper develops a theoretical framework for analyzing the decision to provide or buy insurance against the risk of natural catastrophes. In contrast to conventional models of insurance, the insurer has a non-zero probability of insolvency which depends on the distribution of the risks, the...

Persistent link: https://www.econbiz.de/10013068095

Market-Consistent Valuation of Natural Catastrophe Risk

Beer, Simone; Braun, Alexander - 2021

Natural catastrophe risk is increasingly covered through alternative capital instead of classical reinsurance. As most instruments in this space do not trade in a secondary market, their ongoing valuation poses a challenge to investors. We suggest extracting pricing information contained in...

Persistent link: https://www.econbiz.de/10013247703

Predicting Catastrophe Risk : Evidence from Catastrophe Bond Markets

Zhao, Yang; Yu, Min‐Teh - 2023

Compared to the past literature on prediction markets that uses small-scale observational field data or experiments, this present research examines the efficiency of such markets by studying catastrophe (CAT) bonds. We collect actual catastrophe loss data, match them with the defined trigger...

Persistent link: https://www.econbiz.de/10014256461

Fifty Years of U.S. Natural Disaster Insurance Policy

Marcoux, Kendra; H. Wagner, Katherine R. - 2023

of natural disaster insurance in adapting to climate change. This chapter reviews current challenges in both public and … private natural disaster insurance markets in the United States and how the nature of these challenges has changed over the … complicate both the supply of and demand for natural disaster insurance, with spillovers to related markets such as real estate …

Persistent link: https://www.econbiz.de/10014356481

The preferences of farmers and non-farming citizens for farm catastrophic risk management policy alternatives

Valtiala, Juho; Niskanen, Olli; Pouta, Eija; Tienhaara, … - In: Q open : a journal of agricultural, climate, … 3 (2023) 1, pp. 1-21

management, either through some ex post disaster aid or through subsidised insurance. Farmers’ preferences were generally aligned …

Persistent link: https://www.econbiz.de/10014423572

Climate risk and beliefs in New York floodplains

Gibson, Matthew; Mullins, Jamie T. - 2020

Applying a difference-in-differences framework to a census of residential property transactions in New York City 2003-2017, we estimate the price effects of three flood risk signals: 1) the Biggert-Waters Flood Insurance Reform Act, which increased premiums; 2) Hurricane Sandy; and 3) new...

Persistent link: https://www.econbiz.de/10012257846

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

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

Property Natural Catastrophe Risk Analysis in an Era of Climate Change : Some Financial Services, Investment and Public Policy Implications

Calandro, Jr., Joseph; Hall, Graham; Zheng, Steve - 2021

Environmental, Social and Corporate Governance is, as of mid-2021, a hot topic that many firms are grappling with, given an increasing level of investor and consumer focus on the sustainability credentials of their businesses, and what they are doing to improve them. For example, major...

Persistent link: https://www.econbiz.de/10013210851

Natural Disasters : Exposure and Underinsurance

Grislain-Letrémy, Céline - 2017

disaster insurance. They offer an exceptional opportunity to analyze the demandside determinants of insurance coverage in these …

Persistent link: https://www.econbiz.de/10012973025