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We examine whether and how institutional investors respond to mandatory climate risk disclosure. We exploit the staggered adoption of a climate risk disclosure regulation by U.S. states that made the disclosure mandatory for insurers. Leveraging detailed data on insurers' investment portfolios,...
Persistent link: https://www.econbiz.de/10013311100
The insurance industry could potentially play a greater constructive role in mitigating climate risk by aligning with …
Persistent link: https://www.econbiz.de/10014254725
Climate risk impacts the insurance industry on both sides of the balance sheets. On the one hand, rising weather …
Persistent link: https://www.econbiz.de/10014254839
Persistent link: https://www.econbiz.de/10011696013
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.3%-0.4%. Mandatory insurance regimes in Europe absorb the negative short-run effect of a flood, while the National Flood Insurance …
Persistent link: https://www.econbiz.de/10010293431
case of the Italian earthquake insurance. In this sense, we examine in detail the vulnerability definition and its … relevance for citizens and for insurance companies. Then we investigate the Italian insurance market characterized by a very low … penetration of natural disasters insurance and the potential effects of a recent Government initiative called 'Sisma Bonus'. The …
Persistent link: https://www.econbiz.de/10011996102
from space, and investigate whether insurance claim payments for damaged residential property affected the local recovery … event, more than 95% of residential housing units were covered by insurance, but insurance payments were staggered over 5 … and describe the recovery’s determinants. We also find that insurance payments contributed significantly to the process of …
Persistent link: https://www.econbiz.de/10011872088
disaster-prone areas of the world, it has the lowest levels of insurance coverage. This paper examines the vulnerability of … Belize's public finance to the occurrence of hurricanes and the potential impact of insurance instruments in reducing that … vulnerability. The paper finds that catastrophic risk insurance significantly improves Belize's debt sustainability. In addition …
Persistent link: https://www.econbiz.de/10010278240
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 heterogeneous effects on insurance costs and triggered adjustments …
Persistent link: https://www.econbiz.de/10014567522