Huber, Michael - In: Vierteljahrshefte zur Wirtschaftsforschung / Quarterly … 77 (2008) 4, pp. 44-52
The insurability of natural hazards is challenged by two well-known problems: First, there is little demand for coverage against natural hazards under market conditions. This often results in adverse selection. Second, the issue of moral hazard becomes relevant, as purchasing insurance coverage...