What you should know about disaster insurance.
2 years, 6 months ago

What you should know about disaster insurance.

Slate  

This story was originally published by Knowable Magazine On Sept. 27 at noon Eastern, Knowable Magazine, Annual Reviews, and Future Tense will host an online event on disaster insurance, featuring Alice Hill, senior fellow for climate change policy at the Council on Foreign Relations, and Carolyn Kousky, associate vice president for economics and policy at the Environmental Defense Fund. This means that the losses that a disaster insurance company faces are not stable year to year like auto insurance—they’re very spiky. People don’t like buying disaster insurance anyway, and if it is expensive, they often won’t do it. Many people can’t afford disaster insurance that will reimburse all their losses after a disaster, but they might be able afford a policy that automatically dispenses a certain amount—say $6,000—to cover immediate needs.

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History of this topic

Opinion | It’s important to be prepared for natural disasters
5 years, 5 months ago

Opinion | It’s important to be prepared for natural disasters

Live Mint  

Every time there’s a large-scale disaster in India, it is proclaimed to be once-in-a-100-years event, and post facto relief measures are carried out. It is said that globally, the insured loss total stood at $219 billion, for the years 2017 and 2018, representing the highest level of associated insurance payouts over two periods ever. The total combined economic loss from …

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