Penn Wharton Public Policy Initiative

Publication Date

10-2016

Files

Download

Download Full Text (2.9 MB)

Volume

4

Number

7

Document Type

Brief

Summary

Consumers tend to purchase too little insurance or purchase it too late. Consequently, taxpayers wind up bearing substantial burdens for paying reconstruction costs from extreme events. The 2005 and 2012 hurricane seasons alone cost taxpayers nearly $150 billion. There is much that can be done to better facilitate the role that insurance can play in addressing losses from extreme events, both natural and man-made.

License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License

Insurance against Extreme Events: Pairing Short-Term Incentives with Long-Term Strategies

Share

COinS