Wildfire Insurance, Information, and Self-Protection

Autor:	Judson Boomhower, Meredith Fowlie, Andrew J. Plantinga
Rok vydání:	2023
Předmět:	General Medicine
Zdroj:	AEA Papers and Proceedings. 113:310-315
ISSN:	2574-0776 2574-0768
Popis:	Like other climate-related disasters, wildfires are intensifying. Property owners can reduce their vulnerability to wildfire losses but are not well informed about the costs and benefits of available self-protection investments. Technological advances mean that insurers are increasingly able to monitor household mitigation behavior. We revisit the problem of self-protection from risk in a setting where households have incomplete insurance and limited information about self-protection investments. Insurer discounts for self-protection generate additional value by informing households about self-protection investments that also reduce uninsured losses. This information provision increases the responsiveness of self-protection to ex post disaster assistance, with implications for optimal government transfers.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::25b8d93306b9ba4b344154b481df9be0 https://doi.org/10.1257/pandp.20231104 Zobrazit plný text záznamu