Fifty Years of U.S. Natural Disaster Insurance Policy

Kendra Marcoux () and Katherine R. H. Wagner ()
Additional contact information
Kendra Marcoux: UC Berkeley
Katherine R. H. Wagner: University of British Columbia

A chapter in Handbook of Insurance, 2025, pp 55-79 from Springer

Abstract: Abstract The high and increasing cost of natural disasters around the world motivates a growing body of literature on the role of natural disaster insurance in adapting to climate change. This chapter reviews current challenges in both public and private natural disaster insurance markets in the United States and how the nature of these challenges has changed over the past fifty years. We discuss how the infrequent, spatially correlated, and extreme events that distinguish these markets complicate both the supply of and demand for natural disaster insurance, with spillovers to related markets such as real estate. We also highlight open questions that would be helpful to answer to inform analysis of currently proposed natural disaster insurance reforms.

Keywords: G22; H84; Q54; Adaptation; Climate change; Natural disaster insurance (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:sprchp:978-3-031-69561-2_2

Ordering information: This item can be ordered from
http://www.springer.com/9783031695612

DOI: 10.1007/978-3-031-69561-2_2

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().