Climate Change, Weather Insurance Design and Hedging Effectiveness
نویسندگان
چکیده
منابع مشابه
Crime, Weather, and Climate Change
This paper estimates the impact of climate change on the prevalence of criminal activity in the United States. The analysis is based on a panel of monthly crime, temperature, and precipitation data for 2,972 U.S. counties over the 50-year period from 1960 to 2009. I identify the effect of weather on monthly crime by using a semi-parametric bin estimator and controlling for county-by-month and c...
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We exploit random daily variation in weather to document the relationship of temperature, rainfall, and snowfall with traffic accidents and travel demand. Using information on 46.5 million accidents from the State Data System of police reported accidents for 20 states and travel demand for 207,455 households included in the National Household Transportation Survey, we find unanticipated effects...
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In Greek mythology, Prometheus stole fire from the gods and gave it to humans. His action infuriated Zeus, who then chained the giant to a rock in the ocean where he was lashed by the seas and burned by the sun. Today, humans' ability to capture energy and use it as we wish may be leading us toward a similar fate. Records from glacial ice cores and direct air sampling confirm that since the ind...
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Catastrophe insurance provides peace of mind and financial security. Climate change can have adverse impacts on insurance affordability and availability, potentially slowing the growth of the industry and shifting more of the burden to governments and individuals. Most forms of insurance are vulnerable, including property, liability, health, and life. It is incumbent on insurers, their regulato...
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Recent research by Wilmers et al. shows that top predators might buffer some of the ecological effects of climate change. Top predators can regulate the structure of entire communities and dampen their variability; however, in their absence, prey populations are likely to fluctuate greatly owing to bottom-up factors. Restoring top predators to their natural environment could provide insurance a...
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ژورنال
عنوان ژورنال: The Geneva Papers on Risk and Insurance - Issues and Practice
سال: 2012
ISSN: 1018-5895,1468-0440
DOI: 10.1057/gpp.2012.8