985数量经济与金融系列讲座第220期：Demand Reactions in the Aftermath of Catastrophes and the Need for Behavioral Approaches

题目：Demand Reactions in the Aftermath of Catastrophes and the Need for Behavioral Approaches

主讲人：Patricia Born，Dept. of Risk Management/Insurance, Real Estate & Legal Studies, Florida State University

Abstract

In this article, we identify the main factors that drive insurers’ willingness to offer coverage in catastrophe-prone property insurance lines. We compare insurers’ supply decisions in personal and commercial lines, with an emphasis on insurers’ responses in the aftermath of natural disasters. Our empirical results suggest important policy implications with regard to improving the availability of insurance against catastrophic threats. Concerning the impact of regulatory constraints, we present empirical evidence that certain regulatory responses may unintentionally impede insurers’ willingness to provide coverage against natural disasters.