Compensating Catastrophe Victims: A Comparative Law and Economics Approach
As the author of this ground-breaking book points out, there are as many sets of compensation mechanisms as there are countries. In a prodigious move to remedy this situation, she examines whether it is possible to find a combination of compensation mechanisms (i.e., a compensation model) that provides the most comprehensive and efficient financial solution for the victims of a natural catastrophe, a large-scale terrorist attack, and/or a man-made disaster - and, if so, what such a program would look like.
What people are saying - Write a review
We haven't found any reviews in the usual places.
accessed on 29 accident adverse selection Alternative Risk Transfer amount basis risk capital market instruments cat bonds catastrophe bonds catastrophe insurance catastrophe risks catastrophe victims catastrophic losses Compensation for Victims compensation mechanisms costs cover damage caused deductible disaster insurance efficient Faure federal financial compensation first-party insurance Flood Insurance Hartlief he/she his/her Hurricane Katrina incentives insurance companies insurance contracts insurance coverage insurance industry insurance market insurance policy insurance premium investors Journal of Risk Kunreuther last accessed law and economics Law Review liability insurance liability law liability rule limited man-made catastrophes man-made disasters mandatory million moral hazard natural catastrophes natural disasters NFIP personal injuries pool potential injurer potential victims preventive primary insurer private insurance problem property damage purchase reinsurance Risk and Insurance Risk Management risk transfer safety regulation Shavell social security solutions strict liability terrorism insurance terrorist attacks tort law tortfeasor uninsurable Victims of Catastrophes