We document strong abnormal effects due to US landfall hurricanes over the period 1990 to
2017 on stock returns and illiquidity across portfolios of stocks sorted by market equity (ME) …

Traditional cost-benefit analyses (CBAs) of flood risk reduction measures usually ignore
distributions of damages over populations, which disadvantages the poor. Instead, a CBA …

Using natural disasters as shocks to local economies, we document that a bank branch's
ability to set deposit rates locally has real effects. Following disasters, branches with rates …

Reinsurance is an invisible service industry which enables insurance companies to insure
more risks and to make better use of their resources. Until recently, reinsurers were only …

In an earlier work,'I argued that Congress and federal courts either consciously or
unconsciously exhibited a bias in favor of people with certain financial attributes (the" Ideal …

On October 17, 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act
(BAPCPA) went into effect. Enacted after twelve years of intense lobbying by unsecured …

Hurricane Katrina caused widespread property destruction in the city of New Orleans. This
Article analyzes data gathered from the Orleans Parish Recorder of Mortgages office and the …

Longstanding conventional wisdom has commonly characterized the insurance policy as a
subspecies of unilateral contract, 2 although this classification of policies has been a …

On April 20, 2005, after nearly a decade of lobbying by the credit industry, President Bush
signed the Bankruptcy Abuse and Consumer Protec-tion Act (BAPCPA). 2 The publicly …

Purpose The purpose of this research study is to determine whether flood-damaged
residences located in the USA are remaining unrepaired because of the lack of flood …