Work

The role of insurers in driving post-hurricane risk reduction investments

Year: 2024

Type: article

Abstract: To protect households and communities from growing losses due to natural disasters and stabilize climate-stressed insurance markets, investments in cost-effective risk reduction must be expanded. Using a unique survey of survivors of one of four U.S. landfalling hurricanes, we investigate the decision to invest in mitigation measures during rebuilding. We find that insurers play a key role in this process by providing both information and financial incentives.

Source: npj natural hazards.

DOI: 10.1038/s44304-024-00035-6

Authors: Carolyn Kousky, Xuesong You

Institutions: Environmental Defense Fund, Freddie Mac (United States)

Language: English

Topic: Disaster Management and Resilience

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

SDG: Climate action

Open Access status: gold

Estimated APC paid: $2,090