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Author: California. Earthquake Insurance and Recovery Finance Committee
Publisher:
ISBN:
Category : Earthquake insurance
Languages : en
Pages : 48
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Book Description
Author: California. Earthquake Insurance and Recovery Finance Committee
Publisher:
ISBN:
Category : Earthquake insurance
Languages : en
Pages : 48
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Book Description
Author: Eugene Gurenko
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 146
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Book Description
This publication, Earthquake insurance in Turkey, is an exposition of the dangers faced by Turkey as it is located in one of the most active earthquake (EQ) and volcanic regions in the world on the one hand, and, on the other hand, the efforts that Turkey is making to alleviate the social and fiscal disasters that are caused when these calamities do strike. The persistent potential for large-scale disasters has led to the establishment of the Turkish Catastrophe Insurance Pool (TCIP) in 1999. The main rationale for the creation of TCIP was a very low level of catastrophe insurance penetration among households. The authors stress that the four principal objectives of the program are to (1) provide earthquake insurance coverage at affordable but actuarially sound rates for all registered urban dwellings, (2) limit the government's financial exposure to natural disasters, (3) build long-term catastrophe reserves to finance future earthquake losses, and (4) encourage risk reduction and mitigation practices in residential construction. The book points out that the program has reduced significantly the government's fiscal exposure to EQ risk. In five years, the TCIP transformed itself from an unknown and controversial government-sponsored program to one of the most trusted brand names in the Turkish insurance industry. Moreover, it has led the World Bank to rethink the roles of ex-ante risk management relative to ex-post donor support. In this context, the World Bank supported Turkey's earthquake insurance program to establish and expand national catastrophic risk management and risk transfer capabilities. The authors conclude that the TCIP's success has brought it worldwide recognition. Inspired by the TCIP's example, more than a dozen countries, including China, Colombia, Greece, India, the Islamic Republic of Iran, Italy, the Philippines, Romania, and nine island states of the Caribbean have begun technical and legislative preparation of catastrophe insurance programs.
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Policy Research and Insurance
Publisher:
ISBN:
Category : Disaster relief
Languages : en
Pages : 1100
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Book Description
Author: Tibor R. Machan
Publisher: Hoover Press
ISBN: 9780817928032
Category : Nature
Languages : en
Pages : 132
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Book Description
This volume explores whether government action is in fact indispensable in the face of natural calamities--earthquakes, floods, and the like--and what might be done to restrain the expansion of the scope of governmental power if emergency circumstances warrant intervention.
Author: Earthquake Engineering Research Institute
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 132
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Book Description
This white paper provides an overview of the following: 1) how financial risk is managed in the residential, commercial, small business, lifelines and government sectors; 2) how risk can be reduced, transferred or avoided through the use of insurance, mortgages and capital market instruments; and 3) how earthquake engineering expertise fits into this process. The discussion should be useful for the following audiences: 1) engineering students and faculty in understanding different career options that use engineering knowledge; 2) practicing engineers in understanding how the information they provide to various clients is part of the larger process of financial risk management; and 3) financial managers in gaining a better understanding of how the financial and earthquake engineering communities are interrelated.
Author: Howard C. Kunreuther
Publisher: Cambridge University Press
ISBN: 0521845726
Category : Business & Economics
Languages : en
Pages : 343
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Book Description
This book examines the behavior of individuals at risk and insurance industry policy makers involved in selling, buying and regulation.
Author: Richard J. Roth, Sr.
Publisher: Joseph Henry Press
ISBN: 0309174694
Category : Science
Languages : en
Pages : 318
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Book Description
This book considers the effectiveness of insurance coverage for low-probability, high-consequence events such as natural disastersâ€"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.
Author:
Publisher:
ISBN:
Category : Business insurance
Languages : en
Pages : 22
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Book Description
Author: Mary C. Comerio
Publisher: Univ of California Press
ISBN: 052091872X
Category : Social Science
Languages : en
Pages : 313
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Book Description
Whenever a major earthquake strikes or a hurricane unleashes its fury, the devastating results fill our television screens and newspapers. Mary C. Comerio is interested in what happens in the weeks and months after such disasters, particularly in the recovery of damaged housing. Through case studies of six recent urban disasters—Hurricane Hugo in South Carolina, Hurricane Andrew in Florida, the Loma Prieta and Northridge earthquakes in California, as well as earthquakes in Mexico City and Kobe, Japan—Comerio demonstrates that several fundamental factors have changed in contemporary urban disasters. The foremost change is in scale, and as more Americans move to the two coasts, future losses will continue to be formidable because of increased development in these high-hazard areas. Moreover, the visibility of disasters in the news media will assure that response efforts remain highly politicized. And finally, the federal government is now expected to be on the scene with personnel, programs, and financial assistance even as private insurance companies are withdrawing disaster coverage from homeowners in earthquake- and hurricane-prone regions. Demonstrating ways that existing recovery systems are inadequate, Comerio proposes a rethinking of what recovery means, a comprehensive revision of the government's role, and more equitable programs for construction financing. She offers new criteria for a housing recovery policy as well as real financial incentives for preparedness, for limiting damage before disasters occur, and for providing a climate where private insurance can work. Her careful analysis makes this book important reading for policymakers, property owners, and anyone involved in disaster mitigation.
Author: Frank Gardner Lesure
Publisher:
ISBN:
Category : Barbours Creek Wilderness (Va.)
Languages : en
Pages : 118
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Book Description
