Understanding Disaster Insurance: New Tools for a More Resilient Future by Carol

Description: FREE SHIPPING UK WIDE Understanding Disaster Insurance by Carolyn Kousky An accessible introduction to disaster insurance and risk markets that will clarify these important resources forprofessionals working in resiliency and disaster recovery. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description The frequency and intensity of natural disasters—such as wildfires, hurricanes, floods, and storms—is on the rise,threatening our way of life and our livelihoods. Managing this growing risk will be central to economic and socialprogress in the coming decades. Insurance, an often confusing and unpopular tool, will be critical to successfullyemerging from the effects of these crises. Its traditional role is to protect us from unforeseen and unanticipated risk, but ascurrently structured, insurance cannot adequately respond to these types of threats. How can we improve insurance toprovide consistent and sufficient help following all disasters? How do we use insurance not just to help us recover, butalso to help us prevent disasters in the first place? And how can insurance help us achieve broader social andenvironmental goals?Understanding Disaster Insurance provides an accessible introduction to the complexities—and exciting possibilities—ofrisk transfer markets in the U.S. and around the world. Carolyn Kousky, a leading researcher on disaster risk andinsurance, explains how traditional insurance markets came to be structured and why they fall short in meeting the needsof a world coping with climate change. She then offers realistic, yet hopeful, examples of new approaches. With examplesranging from individual entrepreneurs to multi-country collaborations, she shows how innovative thinking and creativeapplications of insurance-based mechanisms can improve recovery outcomes for people and their communities. She alsoexplores the role of insurance in supporting policy goals beyond disaster recovery, such as nature-positive approaches forlarger environmental impact. The book holds up the possibility that new risk transfer markets, brought to scale, couldhelp create more equitable and sustainable economies.Insurance and risk transfer markets can be a powerful tool for adapting to climate change, yet they are frequentlymisunderstood. Many find insurance confusing or even problematic and ineffective. Understanding Disaster Insurance is auseful guidebook for policymakers, innovators, students, and other decision makers working to secure a resilientfuture—and anyone affected by wind, fire, rain, or flood. Author Biography Carolyn Kousky is Executive Director of the Wharton Risk Management and Decision Processes Center at the University of Pennsylvania. Dr. Kousky has written extensively on the economics and policy of natural disasters, disaster insurance market, and climate risk management policies. She is routinely cited in media outlets including NPR, The New York Times, The Washington Post, and others. Dr. Kousky is a University Fellow at Resources for the Future and a non-resident scholar at the Insurance Information Institute. She is vice-chair of the California Climate Insurance Working Group. She has a BS in Earth Systems from Stanford University and a PhD in Public Policy from Harvard University. Table of Contents Table of ContentsIntroductionPART 1: Disasters, their Economic Consequences, and the Role of InsuranceChapter 1: The Costs of an Increasingly Risky World-When Risks Materialize-Securing Financial ResilienceChapter 2: What is Insurance and What is it Not?-The Role of Insurance in the Economy-What Insurance is Not-The Disaster Insurance Protection GapChapter 3: How Does Insurance Work and Why are Disasters Difficult?-How Insurance Works-The Challenges with Insuring DisastersChapter 4: Public Disaster Insurance-Public Sector Disaster Insurance-Public Reinsurance and Backstops-Supportive ProgrammingChapter 5: Deciding When to Insure-Understanding Risks-Biased Thinking-The Decision to Insure: Beyond Risk LevelsPART 2: The Structure and Operation of Disaster Risk Transfer MarketsChapter 6: The Structure of Insurance Markets-State Regulation-Policy Distribution-The chain of risk transferChapter 7: The Cost of Disaster Insurance-Catastrophe Models-Premium and Incentives for Risk Reduction-Insurance Affordability-Market Cycles and Post-Disaster DynamicsChapter 8: The Insurance-Linked Securities Market-Catastrophe Bonds-The Use of Cat Bonds by the Public Sector-Are Cat Bonds Always a Good Idea? The Case of Pandemic BondsChapter 9: Will There be a Climate-Induced Insurability Crisis?-Stress in markets-Policy responsePART 3: Innovation to Unlock the Potential of Disaster InsuranceChapter 10. Improving Disaster Recovery with New Business Models and Products-Challenges with Recovery-A New Business Model-Parametric Models to the Rescue-Expanding Those with Coverage through Community PoliciesChapter 11: Inclusive Insurance-Microinsurance-Meso-Level Insurance-Sovereign Insurance Pools-Out of Harms WayChapter 12: Insurance to Prevent Disasters-Building Back BetterChapter 13: Insurance for a Nature Positive World-Reflecting the Protection of Nature in Insurance-Insuring Natural Systems-Nature Positive Risk Transfer Structures, Underwriting, and InvestmentsChapter 14: The Future of Risk Transfer: Final Thoughts Review "In a world consumed by rising risks, greater insurance coverage promises speedier and stronger recovery once disaster strikes. Carolyn Kouskys engaging analysis offers a policy roadmap for why and how harnessing disaster insurance will reduce growing threats. This story-filled volume is a must-read for anyone looking to understand the role of insurance in preparing for the looming threats posed by climate change."--Alice Hill, David M. Rubenstein Senior Fellow for Energy and the Environment at the Council on Foreign Relations and author, "The Fight for Climate after Covid-19""In clear prose reinforced by penetrating logic, Kousky explains why and how insurance works when disasters and mega-disasters strike. She dissects the virtues and shortcomings of existing insurance structures and explains how new arrangements, which call on both public and private capabilities, can be created to temper many of the gravest disasters confronting humanity. A clear and insightful book."--Richard Zeckhauser, Ramsey Professor of Political Economy, Harvard University Long Description The frequency and intensity of natural disasters--such as wildfires, hurricanes, floods, and storms--is on the rise, threatening our way of life and our livelihoods. Managing this growing risk will be central to economic and social progress in the coming decades. Insurance, an often confusing and unpopular tool, will be critical to successfully emerging from the effects of these crises. Its traditional role is to protect us from unforeseen and unanticipated risk, but as currently structured, insurance cannot adequately respond to these types of threats. How can we improve insurance to provide consistent and sufficient help following all disasters? How do we use insurance not just to help us recover, but also to help us prevent disasters in the first place? And how can insurance help us achieve broader social and environmental goals? Understanding Disaster Insurance provides an accessible introduction to the complexities--and exciting possibilities--of risk transfer markets in the U.S. and around the world. Carolyn Kousky, a leading researcher on disaster risk and insurance, explains how traditional insurance markets came to be structured and why they fall short in meeting the needs of a world coping with climate change. She then offers realistic, yet hopeful, examples of new approaches. With examples ranging from individual entrepreneurs to multi-country collaborations, she shows how innovative thinking and creative applications of insurance-based mechanisms can improve recovery outcomes for people and their communities. She also explores the role of insurance in supporting policy goals beyond disaster recovery, such as nature-positive approaches for larger environmental impact. The book holds up the possibility that new risk transfer markets, brought to scale, could help create more equitable and sustainable economies. Insurance and risk transfer markets can be a powerful tool for adapting to climate change, yet they are frequently misunderstood. Many find insurance confusing or even problematic and ineffective. Understanding Disaster Insurance is a useful guidebook for policymakers, innovators, students, and other decision makers working to secure a resilient future--and anyone affected by wind, fire, rain, or flood. Review Quote "In clear prose reinforced by penetrating logic, Kousky explains why and how insurance works when disasters and mega-disasters strike. She dissects the virtues and shortcomings of existing insurance structures and explains how new arrangements, which call on both public and private capabilities, can be created to temper many of the gravest disasters confronting humanity. A clear and insightful book." Details ISBN1642832251 Author Carolyn Kousky Short Title Understanding Disaster Insurance Publisher Island Press Language English Year 2022 ISBN-10 1642832251 ISBN-13 9781642832259 Format Paperback Subtitle New Tools for a More Resilient Future Imprint Island Press Publication Date 2022-10-13 Place of Publication Washington Country of Publication United States NZ Release Date 2022-10-13 US Release Date 2022-10-13 UK Release Date 2022-10-13 Pages 214 DEWEY 368.122 Audience General AU Release Date 2022-10-12 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! 30 DAY RETURN POLICY No questions asked, 30 day returns! FREE DELIVERY No matter where you are in the UK, delivery is free. SECURE PAYMENT Peace of mind by paying through PayPal and eBay Buyer Protection TheNile_Item_ID:138312937;

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