Severe Weather Events, Property Insurance & Municipal Credit

Gerry Durr, Tim Cerio, Triet Nguyen and Jeremy Porter

Municipal Finance Journal, 2024, vol. 45, issue 1, 53 - 70

Abstract: Severe weather events have become more frequent and more extreme over the last two decades, and the level of weather-related destruction has increased exponentially. A variety of factors have converged to increase the cost of insurance premiums, the repair or replacement of damaged property, as well as the cost to mitigate future weather events. This panel examines what the future may hold in terms of weather catastrophes, the property and casualty insurance market, and its potential impact on municipal credit.

Date: 2024
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