Natural Disaster Insurance

Natural Disaster Insurance and The Equity-Efficiency Trade-Off This article compose by Pierre Picard investigates the role of private indemnity in the stripe and mitigation of natural disasters. it characterizes the equity-efficiency trade-off between policy makers under imperfect information about undivided pr sluicetion costs Pierre Picard , with one simple model, represents how tax cuts on policy contracts can improve incentives to prevention of natural disasters. ------------------------------------------------- and highlights complementarity between individual incentives through tax cuts and collective incentives through grants to the local jurisdiction. ------------------------------------------------- INTRODUCTION As we know and have heard several times today, the conk out decades have witnessed the worldwide increasing frequency and intensity of weather-related catastrophes. Windstorms, typhoons, floods, landslides, and heathwaves were more than and more frequent and we have experienced an increasing social movement in stinting losses repayable to weather disasters, and an even stronger increase in ensure losses. According to preliminary estimates from Swiss Res sigma team, 2011 was a Year of highest ever economic losses !

In 2011, total economic losses to auberge (both insured and uninsured) due to disasters reached an estimated USD 350 billion. And insured losses for the global insurance industry reached USD 108 billion in 2011.which is more than double than in 2010. Claims from natural catastrophes alone reached USD 103 billion in 2011 On the b fixing slide I put this chart only to illustrate this increasing trend in insured losses due to natural disasters and here we can see that 2011 was the second costliest division for the insurance industry right after year 2005 and hurricanes Katrina, Wilma and Rita. In this table we can see that, The earthquake in lacquer accounts for most of the 2011 economic losses. AND If Japan had been as well insured as other... If you want to get a full essay, order it on our website: Orderessay

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