Homeowners’ financial protection against natural disasters

Causes of Underinsurance against Natural Disasters

Why do relatively few individuals voluntarily purchase coverage against natural disasters? This question has important implications for public policy for two principal reasons: Uninsured victims of natural disasters may incur severe financial losses which will affect their future well-being. After a disaster the common lament is, "I wish that I had purchased insurance." General taxpayers may be...

Financial fragility and natural disasters: An empirical analysis

Using data for more than 160 countries in the period 1997–2010, we explore the impact of large-scale natural disasters on the distance-to-default of commercial banks. The financial consequences of natural catastrophes may stress and threaten the existence of a bank by adversely affecting their solvency. After extensive testing for the sensitivity of the results, our main findings suggest that n...

Natural Disasters

Risk assessment for nuclear power plants against natural disasters

With the increasing tendency of natural hazards, the typhoon/hurricane/tropical cyclone induced surge, wave, precipitation and river flood as extreme external loads not only menace Nuclear Power Plants (NPP) in coastal areas, but also some inland territorial NPP. For all of planned, designed and constructed NPP the National Nuclear Safety Administration of China and International Atomic Energy ...

Agricultural diversity and traditional knowledg.e as insurance against natural disasters

... in terms of prevention preparedness and recovery or rehabilitation from natural disasters in the Pacific Islands that local traditional agricultural diversity and traditional knowledge have considerable value in helping island societies solve the problems presented by natural disasters. At present, however, there is an increasing reliancy by individual island societies (eg. Villages, outer ...