catastrophe ("nat-cat") frequencies and severities. Property and casualty insurance companies have been intensely tracking their …. Implications of this output on insurance/financial services, the investment community and policy advisors are then profiled. In sum …

lead households in hazard-prone communities to forego insurance. This has been dubbed “charity hazard” in the literature on … natural disasters. We examine flood insurance market penetration using household level survey data. We address endogeneity of … households that exhibit confidence in disaster assistance payments are 25 to 42 percent less likely to hold flood insurance. We …

This paper discusses the problem of crowding out of insurance by co-existing governmental relief programs - so … empirically whether an assured partial relief scheme (as in Austria) drives a stronger crowding out of private insurance than a … insurance. -- insurance demand ; governmental relief ; natural hazards …

-2017, we estimate the price effects of three flood risk signals: 1) the Biggert-Waters Flood Insurance Reform Act, which … reduced-form estimates into the effects of insurance premium changes and belief updating. Results suggest the new maps induced … belief changes comparable to those from insurance reform. …

We develop a new dataset to study homeowners insurance. Our data on over 47 million observations of households …' property insurance expenditures from 2014-2023 are inferred from mortgage escrow payments. First, we find a sharp 33% increase …

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 … properties located within 250 meters of the flood zone. We also document substantial voluntary insurance take-up in this area …

This paper studies social welfare in markets for natural disaster insurance. I quantify frictions in uptake, test for … insurance markets and compiling new data. The paper has three main findings. First, willingness to pay for natural disaster … insurance is remarkably low. In the high-risk flood zones throughout all U.S. Atlantic and Gulf Coast states, fewer than 60% of …

at home with low participation in insurance. Regression analysis points to economic development and institutional …/legal quality as important determinants of insurance participation. We propose a new method to measure international reinsurance … fiscal space. Thus, the governments under more pressure to provide ex post government insurance through the budget have less …

costliest year in history. This feature explores how risk is transferred within and beyond the global insurance sector and … global insurance market makes these linkages appear small, they warrant attention due to their potential ramifications and …

that mandated flood insurance premium increases for properties discontinuously around flood zone boundaries and based on … the timing of construction. With a triple-difference design, we estimate that a $1 increase in annual flood insurance … level rise, suggesting that insurance pricing can accelerate the incorporation of climate risk in asset markets. Our results …