EconPapers    
Economics at your fingertips  
 

Insurance as a tool for hazard risk management? An evaluation of the literature

Amanda Savitt ()
Additional contact information
Amanda Savitt: North Dakota State University

Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, 2017, vol. 86, issue 2, 583-599

Abstract: Abstract This paper evaluates the literature about hazard insurance availability and purchase. Hazard insurance has the potential to help individuals and households to prepare for, mitigate risks of, and recover from hazard events, but only insofar as insurance is available to them, and they purchase it. Unfortunately, unique characteristics of hazard risks and evolving conditions caused by climate change limit the availability of hazard insurance, and a variety of factors make individuals and households unlikely to purchase hazard insurance. Implications of these findings are discussed.

Keywords: Hazard insurance; Disaster insurance; Preparedness; Recovery; Mitigation; Insurability (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s11069-016-2706-1 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:nathaz:v:86:y:2017:i:2:d:10.1007_s11069-016-2706-1

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11069

Access Statistics for this article

Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards is currently edited by Thomas Glade, Tad S. Murty and Vladimír Schenk

More articles in Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards from Springer, International Society for the Prevention and Mitigation of Natural Hazards
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-05-21
Handle: RePEc:spr:nathaz:v:86:y:2017:i:2:d:10.1007_s11069-016-2706-1