Hurricane Katrina had a significant destructive effect on the Gulf Coast's petroleum-refining industry. In many cases, refineries sustained considerable damage and had to suspend operations for extended periods of time. Multiple Gulf Coast refineries filed substantial business interruption loss...

The oil and gas industry in the Gulf of Mexico has the greatest weather exposure in the world, and is vulnerable to a range of losses that include physical damage, destruction, business interruption, and pollution liability. During the 2004 and 2005 hurricane seasons, a number of offshore...

Hurricane Katrina devastated the Louisiana and Mississippi Gulf Coast. The casino industry, especially in Mississippi, suffered staggering losses. We describe the industry's losses and provide data on the industry before and after Katrina. Following previous research which has indicated that...

We show that GIS based estimates of the economic impact of the 2005 hurricanes provide a more accurate characterization of affected businesses than widely reported estimates constructed from county level data. Our methodology relies on mapping business establishments into damage zones defined by...

This paper examines the effect of Hurricane Katrina on Louisiana's state economy. In particular, I use a state coincident index to assess the economic loss from Hurricane Katrina. This alternative approach provides policymakers with a simple and timely measure of the economy for modeling disasters.

We review the literature on business activity and disasters, and specifically hurricanes. An overview of the papers in the special issue on Economic Loss and Hurricane Katrina is provided.

Free markets in capital and labor are essential to rapid recovery from natural disaster. Political and rhetorical responses to Hurricane Katrina included denunciation of "price gougers" in the market for gasoline; the arbitrariness associated with anti-price gouging legislation may create...

We study the valuation impact on 148 insurance stocks caused by 25 of the largest catastrophic events that occurred in recent history. Because of their exceptional severity and the consequent high attention they experience in the media we expect to find significant overreactions of insurance...

The damage generated by Hurricane Katrina caused significant private as well as social costs. The water and force from the hurricane and subsequent flooding caused immediate property damage, but also potential environmental contamination over time. The decision on the part of property owners...