Related papers: A Natural Disasters Index
Tornadoes are the most violent of all atmospheric storms. In a typical year, the United States experiences hundreds of tornadoes with associated damages on the order of one billion dollars. Community preparation and resilience would benefit…
Floods cause large losses to property, life, and livelihoods across the world every year, hindering sustainable development. Safety nets to help absorb financial shocks in disasters, such as insurance, are often unavailable in regions of…
Climate change is widely expected to increase weather related damage and the insurance claims that result from it. This will increase insurance premiums, in a way that is independent of a customer's contribution to the causes of climate…
The escalating frequency and severity of natural disasters, exacerbated by climate change, underscore the critical role of insurance in facilitating recovery and promoting investments in risk reduction. This work introduces a novel Adaptive…
This paper proposes a public-private insurance scheme for earthquakes and floods in Italy in which property-owners, the insurer and the government co-operate in risk financing. Our model departs from the existing literature by describing a…
Extreme weather events are becoming more common, with severe storms, floods, and prolonged precipitation affecting communities worldwide. These shifts in climate patterns pose a direct threat to the insurance industry, which faces growing…
In order to account for large variance and fat tail of damage by natural disaster, we study a simple model by combining distributions of disaster and population/property with their spatial correlation. We assume fat-tailed or power-law…
As climate change poses new and more unpredictable challenges to society, insurance is an essential avenue to protect against loss caused by extreme events. Traditional insurance risk models employ statistical analyses that are inaccurate…
The machine learning community has recently had increased interest in the climate and disaster damage domain due to a marked increased occurrences of natural hazards (e.g., hurricanes, forest fires, floods, earthquakes). However, not enough…
With the increasing frequency of major natural disasters, understanding their political consequences is of paramount importance for democratic accountability. The existing literature is deeply divided, with some studies finding that voters…
The damage to residential buildings caused by hurricane-induced hazards is significant in the United States. There is a substantial body of research related to assessing physical damages to residential buildings and their direct economic…
Natural disasters, such as floods, tornadoes, or wildfires, are increasingly pervasive as the Earth undergoes global warming. It is difficult to predict when and where an incident will occur, so timely emergency response is critical to…
Thousands of human lives are lost every year around the globe, apart from significant damage on property, animal life, etc., due to natural disasters (e.g., earthquake, flood, tsunami, hurricane and other storms, landslides, cloudburst,…
Public perceptions of climate change arguably contribute to shaping private adaptation and support for policy intervention. In this paper, we propose a novel Climate Concern Index (CCI), based on disaggregated web-search volumes related to…
As climate change intensifies, the urgency for accurate global-scale disaster predictions grows. This research presents a novel multimodal disaster prediction framework, combining weather statistics, satellite imagery, and textual insights.…
Natural disasters affect hundreds of millions of people worldwide every year. Early warning, humanitarian response and recovery mechanisms can be improved by using big data sources. Measuring the different dimensions of the impact of…
Assessing climate risk and its potential impacts on our cities and economies is of fundamental importance. Extreme weather events, such as hurricanes, floods, and storm surges can lead to catastrophic damages. We propose a flexible approach…
Many empirical studies have shown that government quality is a key determinant of vulnerability to natural disasters. Protection against natural disasters can be a public good -- flood protection, for example -- or a natural monopoly --…
Tropical cyclones are affected by a large number of climatic factors, which translates into complex patterns of occurrence. The variability of annual metrics of tropical-cyclone activity has been intensively studied, in particular since the…
Flooding is one of the most disastrous natural hazards, responsible for substantial economic losses. A predictive model for flood-induced financial damages is useful for many applications such as climate change adaptation planning and…