Asset Details
Do you wish to reserve the book?
Moral Hazard in Natural Disaster Insurance Markets: Empirical Evidence from Germany and the United States
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Moral Hazard in Natural Disaster Insurance Markets: Empirical Evidence from Germany and the United States
Do you wish to request the book?
Moral Hazard in Natural Disaster Insurance Markets: Empirical Evidence from Germany and the United States
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
Moral Hazard in Natural Disaster Insurance Markets: Empirical Evidence from Germany and the United States
2017
Overview
Moral hazard in natural disaster insurance markets results in policyholders preparing less, increasing the risk they face. However, moral hazard may not arise, due to high risk aversion or market context. We study the relationship between disaster risk reduction and insurance coverage to assess the presence of moral hazard for two different natural hazards, using four econometric models on survey data from Germany and the United States. The results show that moral hazard is absent. Nevertheless, adverse risk selection may be present. This has significant policy relevance such as opportunities for strengthening the link between insurance and risk reduction measures.
Publisher
University of Wisconsin Press,Univ. of Wisconsin Press
Subject
