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Fifty years of U.S. natural disaster insurance policy

Marcoux, Kendra; Wagner, Katherine R. H. - 2023

of natural disaster insurance in adapting to climate change. This chapter reviews current challenges in both public and … private natural disaster insurance markets in the United States and how the nature of these challenges has changed over the … complicate both the supply of and demand for natural disaster insurance, with spillovers to related markets such as real estate …

Persistent link: https://www.econbiz.de/10014281392

Demand for multi-year catastrophe insurance contracts : experimental evidence for mitigating the insurance gap

Dudek, Thomas; Ulm, Eric R.; Noy, Ilan - 2021

People often fail to insure against catastrophes, even when insurance is subsidized. Even when insuring homes, many homeowners still underinsure the full value of their assets. Some researchers have suggested using long-term insurance contracts to reduce these insurance gaps. We examine...

Persistent link: https://www.econbiz.de/10012694052

Measuring the impact of insurance on urban recovery with light : the 2010-2011 New Zealand earthquakes

Nguyen, Cuong; Noy, Ilan - 2018

We measure the longer-term effect of a major earthquake on the local economy, using night-time light intensity measured from space, and investigate whether insurance claim payments for damaged residential property affected the local recovery process. We focus on the destructive Canterbury...

Persistent link: https://www.econbiz.de/10011846154

Social inequalities in climate change-attributed impacts of hurricane harvey

Smiley, Kevin T.; Noy, Ilan; Wehner, Michael; Frame, Dave; … - 2021

Climate change is already increasing the severity of extreme weather events such as with rainfall during hurricanes. But no research to date investigates if, and to what extent, there are social inequalities in current climate change-attributed flood impacts. Here, we use climate change...

Persistent link: https://www.econbiz.de/10012668885

Insuring peace : index-based livestock insurance, droughts, and conflict

Gehring, Kai; Schaudt, Paul - 2023

We provide novel evidence of how an innovative market-based solution using remote-sensing technology can mitigate conflict. Droughts are a major driver of conflict in Africa, particularly between nomadic pastoralists and sedentary farmers, and climate change is predicted to intensify this...

Persistent link: https://www.econbiz.de/10014279886

On welfare frameworks and catastrophic climate risks

Millner, Antony - 2013

Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to "fat-tailed" risks of catastrophic outcomes (Weitzman, 2009b). Such risks are suggested to be an inevitable consequence of scientific uncertainty about the effects of increased...

Persistent link: https://www.econbiz.de/10010199723

Long-term growth effects of natural disasters : empirical evidence for droughts

Berlemann, Michael; Wenzel, Daniela - 2015

The ongoing process of climate change goes along with a higher frequency and/or severity of droughts. While the short-term growth consequences of droughts are comparatively well examined, little research has yet been devoted to the question whether and how droughts affect medium and long-term...

Persistent link: https://www.econbiz.de/10011384506

A meta-analysis of the literature on climate change and migration

Beine, Michel; Jeusette, Lionel - 2018

Recent surveys of the literature on climate change and migration emphasize the important diversity of outcomes and approaches of the empirical studies. In this paper, we conduct a meta-analysis in order to investigate the role of the methodological choices of these empirical studies in finding...

Persistent link: https://www.econbiz.de/10011951977

Climate change impacts on public finances around the world

Barrage, Lint - 2024

This article reviews a rapidly growing literature on how climatic risks and events affect public finances around the world. This literature includes empirical evaluations of how past climatic events have affected fiscal outcomes, empirical and model-based assessments of how climatic risks affect...

Persistent link: https://www.econbiz.de/10015098614

The social value of predicting hurricanes

Molina, Renato; Rudik, Ivan - 2022

Hurricanes are among the costliest natural disasters in the world, with a significant portion of their impact linked to the accuracy of their forecasts. In this paper, we estimate the economic impacts of the official hurricane forecasts in the US and develop a new approach for measuring the...

Persistent link: https://www.econbiz.de/10013426083