This paper provides an overview on the existing systems of natural hazards insurance in Europe, their structural characteristics and peculiarities. It also discusses the difficulties of an adaptation of these systems to climate change and a growing number of natural disasters. Using the case of...

In the aftermath of a natural catastrophe, there is increased demand for skilled reconstruction labor, which leads to significant increases in reconstruction labor wages and hence insured losses. Such inflation effects are known as "Demand Surge" effects. It is important for insurance companies...

In recent years, certain states facing a high probability of catastrophic hurricane and earthquake exposures have added the burden of socializing the risk of individual and business property losses instead of leaving these private actions subject to voluntary insurance markets. In turn, these...

Catastrophe insurance markets have changed beyond recognition since the sudden upturn in claims beginning in 1966. There is now a growing tendency for risk manager to bypass traditional insurance markets, and a variety of instruments designed directly to transfer risk to the financial markets....

In recent years, insurance against natural disasters has gained recognition as an important tool for climate risk management that could, if carefully implemented, help increase the resilience of those insured. In response, insurance solutions are increasingly tested and applied in many countries...

The use of structural models for decision-making under risk and uncertainty in applied economics is scarce compared to reduced form approaches. This is unfortunate, as structural models have clear connections to theory and permit direct tests of hypotheses and exploration of potential causal...

Using an exhaustive administrative database, we assess the impact of extreme weather events over French cities during the last three decades. We identify numerous non catastrophic disasters, thereby improving coverage wrt. the existing literature. Counting residents of cities stricken by a...

This paper addresses the urbanization of areas exposed to natural disasters and studies its dependency on land-use and insurance policies. The risk-map paradox that we describe explains why an insurance system with simplistic maps and tariffs is the rule. Indeed, in practice we observe simple...

The insurance coverage for natural disasters remains low in many exposed areas, particularly in Latin America and the Caribbean. Reduced availability or unaffordability of insurance are commonly identified as the primary causes for this low insurance coverage. The French overseas departments...