This paper focuses on the US Billion-dollar Weather/Climate Disaster report by the National
Oceanic and Atmospheric Administration's National Climatic Data Center. The current …

We empirically analyze whether federal disaster aid crowds out household purchase of
disaster insurance. We combine data on annual household flood insurance purchases for …

This article reviews the rapidly proliferating economic literature on climate change and
financial policy. We find:(1) enduring challenges in estimating the statistical properties of a …

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 …

This paper employs panel vector autoregression to examine the dynamic fiscal response to
natural disasters. With 50-state, 1970–2013 panel data on state government finance and …

As sea level rises, coastal communities will face increased risks of flooding, storm surge,
and inundation. In some areas, structural protective measures will be built, and for some …

We examine businesses' financial management of a rare, severe event using detailed firm‐
level data collected following Hurricane Sandy in the New York area. Credit played a …

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

In 2011, the president of the United States issued 99 disaster declarations. This was a
historical record, but in keeping with recent trends. Over the period 1950 to 2010, the …

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