Economic and insured losses from natural catastrophes have increased significantly in recent years and are challenging the way catastrophe risk insurance markets operate today. This chapter focuses on how insurance in combination with other policy tools can reduce losses from natural disasters...

Develops a comprehensive concept of regulatory risk integrating existing theoretical and empirical research. This book explains how the design of the regulatory system influences the risk of a rate-regulated firm, as well as elaborates appropriate methods for the determination of the regulatory...