Due to climate change and an increasing concentration of the world's population in vulnerable areas, how to manage catastrophe risk efficiently and cover disaster losses fairly is still a universal dilemma. Under the current political-economy configuration of “socialism with Chinese...

Introduction: Insurance and the problem of loss in a climate-changed United States -- Transforming the management of loss : the origins of the National Flood Insurance Program -- Losing ground : values at risk in an American floodplain -- Visions of loss : knowing and pricing flood risk --...

Purpose: Due to climate change and an increasing concentration of the world’s population in vulnerable areas, how to manage catastrophe risk efficiently and cover disaster losses fairly is still a universal dilemma. Methodology: This Chapter applies a law and economic approach. Finding:...

While climate change impacts most regions, a company’s physical location and geographical diversification could determine how it is affected by the risks associated with climate change. We explore information from extreme climate events to study if and how they impact firm-level risk. The...