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Weather Risks And Associated Asset Classes

In: SUSTAINABLE INVESTING AND ENVIRONMENTAL MARKETS Opportunities in a New Asset Class

Author

Listed:
  • Richard Sandor
  • Murali Kanakasabai
  • Rafael Marques
  • Nathan Clark

Abstract

On 29 October 2012 just Northeast of Atlantic City, New Jersey, Hurricane Sandy made landfall. “Superstorm Sandy” as it became known, delivered hurricane-force winds, and widespread flooding through a storm which surged across the eastern seaboard; the likes of which had not been experienced since the Great New England Hurricane of 1938. As a result, insured losses — primarily in the U.S. but stretching from Jamaica to Canada and most points in between — totaled $30 billion with uninsured losses totaling $35 billion. A total of 210 people lost their lives. Unfortunately, this is not an isolated incident but rather a continuation in greater damages resulting from catastrophic events…

Suggested Citation

  • Richard Sandor & Murali Kanakasabai & Rafael Marques & Nathan Clark, 2014. "Weather Risks And Associated Asset Classes," World Scientific Book Chapters, in: SUSTAINABLE INVESTING AND ENVIRONMENTAL MARKETS Opportunities in a New Asset Class, chapter 11, pages 311-341, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814612449_0011
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