Book contents
- The Cambridge Handbook of Disaster Law and Policy
- The Cambridge Handbook of Disaster Law and Policy
- Copyright page
- Dedication
- Contents
- Figures
- Maps
- Tables
- Contributors
- Foreword: Current Trends in Disaster Law and Policy
- Acknowledgments
- Introduction
- Part I Critical Perspectives on the Evolution of Disaster Law and Policy
- Part II Effective Governance as an Imperative for Responsive Disaster Law and Policy
- Part III Law’s Role in Promoting Hazard Mitigation: Intergovernmental, International, National, and Local Approaches
- Part IV Private Sector Initiatives to Promote Disaster Resilience and Recovery
- 21 Averting Disasters through Watershed Policy Advocacy: The Case of the Philippines’ Largest Highly Urbanized City
- 22 Insuring Natural Catastrophes in America
- 23 Corporate Compliance and Climate Change
- Part V Lawyers As Disaster Law and Policy Leaders: Training for Students and Guidance for Practitioners
- Part VI Cultural Heritage Protection and Cross-Disciplinary Opportunities for Advancing Disaster Law and Policy
- Part VII Disasters and Vulnerable Communities
22 - Insuring Natural Catastrophes in America
from Part IV - Private Sector Initiatives to Promote Disaster Resilience and Recovery
Published online by Cambridge University Press: 27 October 2022
- The Cambridge Handbook of Disaster Law and Policy
- The Cambridge Handbook of Disaster Law and Policy
- Copyright page
- Dedication
- Contents
- Figures
- Maps
- Tables
- Contributors
- Foreword: Current Trends in Disaster Law and Policy
- Acknowledgments
- Introduction
- Part I Critical Perspectives on the Evolution of Disaster Law and Policy
- Part II Effective Governance as an Imperative for Responsive Disaster Law and Policy
- Part III Law’s Role in Promoting Hazard Mitigation: Intergovernmental, International, National, and Local Approaches
- Part IV Private Sector Initiatives to Promote Disaster Resilience and Recovery
- 21 Averting Disasters through Watershed Policy Advocacy: The Case of the Philippines’ Largest Highly Urbanized City
- 22 Insuring Natural Catastrophes in America
- 23 Corporate Compliance and Climate Change
- Part V Lawyers As Disaster Law and Policy Leaders: Training for Students and Guidance for Practitioners
- Part VI Cultural Heritage Protection and Cross-Disciplinary Opportunities for Advancing Disaster Law and Policy
- Part VII Disasters and Vulnerable Communities
Summary
This chapter addresses insuring natural catastrophes in America. It provides an overview of the existing lines of insurance for natural catastrophe losses, such as homeowners insurance, commercial property insurance (including business interruption insurance), the National Flood Insurance Program, and earthquake insurance (including the California Earthquake Authority). Currently, most natural catastrophe losses are uninsured in America as a result of consumer ignorance regarding risk and private insurers’ general treatment of natural catastrophes as uninsurable correlated risks. Consequently, this chapter also includes a discussion of ways more natural catastrophe losses could be insured in America by considering the ways other developed countries throughout the world insure natural catastrophe losses.
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- The Cambridge Handbook of Disaster Law and PolicyRisk, Recovery, and Redevelopment, pp. 366 - 377Publisher: Cambridge University PressPrint publication year: 2022