Paying the price : the status and role of insurance against natural disasters in the United States / Howard Kunreuther, Richard J. Roth, Sr., editors.

Format:

Book

Contributor:

Kunreuther, Howard, editor.

Roth, Richard J., editor.

Series:

Natural hazards and disasters Paying the price

Language:

English

Subjects (All):

Disaster insurance--United States.

Disaster insurance.

Physical Description:

1 online resource (318 pages) : illustrations, photographs

Edition:

1st ed.

Place of Publication:

Washington, District of Columbia : Joseph Henry Press, 1998.

Language Note:

English

Summary:

This book considers the effectiveness of insurance coverage for low-probability, high-consequence events such as natural disasters--and how insurance programs can successfully be used with other policy tools, such as building codes and standards, to encourage effective loss reduction measures. The authors discuss the reasons for the dramatic increase in insured losses from natural disasters since 1989 and the concern that insurers have about their ability to provide coverage against more such events in the future. It addresses why there has been an increasing demand for hazards insurance, what types of coverage private insurers are willing to offer, and the role of reinsurance and private-/public-sector initiatives at the state and federal levels for providing protection to victims of natural disasters. Detailed case studies of the challenges facing Florida in the wake of Hurricane Andrew in 1992 and California following the Northridge earthquake in 1994 reveal the challenges facing the insurance industry as well as other concerned stakeholders. The National Flood Insurance Program illustrates how a public-/private-sector partnership can mitigate damages and provide financial protection to victims. The book identifies new initiatives for reducing future losses and providing funds for recovery through cooperation by the relevant parties.

Contents:

Front Matter

Foreword

Preface

Contributors

Contents

CHAPTER ONE Introduction

CHAPTER TWO Insurability Conditions and the Supply of Coverage

CHAPTER THREE Demand for Disaster Insurance: Residential Coverage

CHAPTER FOUR Earthquake Insurance Protection in California

CHAPTER FIVE Hurricane Insurance Protection in Florida

CHAPTER SIX The National Flood Insurance Program

CHAPTER SEVEN Mitigation and Insurance

CHAPTER EIGHT Regulation and Catastrophe Insurance

APPENDIX A Commercial Insurance

APPENDIX B Evaluating Models of Risks from Natural Hazards

APPENDIX C Book Links to the World Wide Web

Glossary

Bibliography

Index.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9786612082146

9780309518468

0309518466

9780309174695

0309174694

9781282082144

1282082140

9780585021683

0585021686

OCLC:

815774459