INSURANCE COVERAGE AGAINST THE RISK OF NATURAL DISASTERS

Antonio Coviello and Giovanni Di Trapani

Economy & Business Journal, 2014, vol. 8, issue 1, 1263-1275

Abstract: The phenomena of natural origin are part of life on Earth, but their effects can become destructive interacting with a man-made territory and often unprepared. There are different definitions of a natural disaster on the basis of different approaches; consider specifically that of Turner (1976): the impact of an extreme event concentrated in space and time, which greatly exceeds human expectations in terms of magnitude and frequency and that has a profound impact on the socio-economic system.

Keywords: insurance; risk management; natural disaster (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:isp:journl:v:8:y:2014:i:1:p:1263-1275

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