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. …

This paper investigates the role of nationwide mandatory insurance as a mitigation mechanism for reducing emissions … damage from a catastrophic weather event to human generated climate triggers, this paper argues that mandatory catastrophe … insurance would 1) lead to reductions in emissions by requiring industries to better manage their climate change risks and 2 …

with a module that models the endogenous risk of experiencing an economic catastrophe if temperature increases above a …

insurance sector, and insurers' responses to climate change. The author combines theory with evidence from the rich experiences … the impact of climate change. Despite this, the role for the most common mechanism for managing risk - insurance - has … received little attention. This book considers the contribution that insurance arrangements can make to society's management of …