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At war with the weather : managing large-scale risks in a new era of catastrophes

Author: Howard Kunreuther; Erwann Michel-Kerjan; Neil A Doherty
Publisher: Cambridge, Mass. : MIT Press, ©2009.
Edition/Format:   Print book : EnglishView all editions and formats
Database:WorldCat
Summary:
The United States and other nations are facing large-scale risks at an accelerating pace. In 2005, three major hurricanes - Katrina, Rita, and Wilma - made landfall along the U.S. Gulf Coast within an eight-week period. The damage caused by these storms led to insurance reimbursements and federal disaster relief of more than $180 billion - a record sum. Today we are more vulnerable to catastrophic losses because of  Read more...
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Howard Kunreuther; Erwann Michel-Kerjan; Neil A Doherty
ISBN: 9780262012829 0262012820
OCLC Number: 262881399
Description: xxi, 416 pages : illustrations, maps ; 24 cm
Contents: A new era of catastrophes --
Catastrophe risk and the regulation of property insurance: a comparative analysis across states --
A market analysis of property insurance against hurricane risk --
Come rain or shine: flood risk financing through public insurance --
Homeowners" decision making for purchasing insurance coverage --
Private insurers' decision making for supplying coverage --
Private reinsurers' decision making for supplying coverage --
Innovative insurance-linked securities for financing extreme events --
A framework for linking supply and demand of disaster insurance --
A multistate empirical analysis of homeowners' insurance --
Impact of insurance status on economic welfare of homeowners in hazard-prone areas: the affordability challenge --
Enhancing the implementation of risk reduction measures --
Policy analysis of alternative programs: comparing the status quo with a true competitive insurance market --
Proposed innovations for dealing with catastrophic risks --
Winning the war against the weather and other extreme events.
Responsibility: Howard C. Kunreuther and Erwann O. Michel-Kerjan with Neil A. Doherty [and others].

Abstract:

Innovative, long-term strategies for reducing vulnerability to large-scale natural disasters and for providing financial support for disaster victims.  Read more...

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"The authors have provided the ultimate institutional and theoretical analysis, and empirical reference source, for hurricane and flood risk insurance and mitigation. At War with the Weather will Read more...

 
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