Catastrophic risks associated with natural disasters have been increasing in many countries
including the United States because more individuals and firms have located in harm's way …

It has often been observed that homeowners fail to purchase disaster insurance.
Explanations have ranged from behavioural biases to information search costs. We show …

To motivate flood insurance purchase and promote flood hazard awareness and mitigation,
the Community Rating System (CRS) of the National Flood Insurance Program (NFIP) …

This paper examines the characteristics that determine demand for microinsurance when
individuals have personal or observed experience with a rare weather event: the severe …

Insurance and Behavioral Economics: Improving Decisions in the Most Misunderstood Industry
Page 1 Insurance and Behavioral Economics: Improving Decisions in the Most Misunderstood …

Economic and insured losses from natural catastrophes have increased significantly in
recent years and are challenging the way catastrophe risk insurance markets operate today …

Insurance regulation has long been a subject of considerable interest to academics,
policymakers, and other stakeholders in the insurance industry. Among the areas explored …

This paper uses the tools of welfare economics to analyse the appropriate mix of private
sector and government responses to catastrophic events. In particular, we examine the …

In the US, infrastructure is generally becoming less resilient due to decay and deterioration,
since investments in maintenance and replacement are insufficient. There is a gap between …

According to Munich Re, 2 real-dollar economic losses from natural catastrophes alone
have increased from $528 billion (1981–1990), to $1,197 billion (1991–2000), to $1, 23 …