This study examines whether receiving anticipatory cash transfers during an extreme winter affects households’ demand for index-based livestock insurance. We exploit a randomized field experiment conducted during the 2020/21 winter disaster in western Mongolia and combine household panel...

This article presents a novel data set that describes insurance industry-wide trends on the pervasive and material inadequacy of homeowner insurance. A large majority of insured homes in the United States are profoundly underinsured, and the homeowners do not know it. Insurance companies have...

As climate change intensifies, flood events are becoming more frequent and more destructive across Europe. In Germany, catastrophic floods in 2021 caused over EUR 40 billion in damages, prompting a large-scale government aid response. At the same time, only about 50 percent of residential...

Disasters have posed significant economic costs to Bangladesh, and financing needs associated with disaster response are estimated to be substantial. Bangladesh has put in place fiscal mechanisms, social protection programs, and financial instruments to respond to natural disasters. While the...

Flooding is the natural disaster responsible for the greatest share of economic losses in the US, and flood insurance is an effective risk management tool to protect floodplain residents financially. The majority of flood insurance is provided through the federal National Flood Insurance Program...