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Reforming the UK flood insurance regime. The breakdown of a gentlemen's agreement

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  • Huber, Michael

Abstract

The floods of summer 2002 in Central Europe and China, recurrent earthquakes in Turkey and Japan and frequent hurricanes in the USA and Central America challenge the economic fundaments of the societies exposed; unexpected effects through economic, financial and political "channels" make intelligent risk management mandatory. One important element of an intelligent risk management strategy is an insurance system that is able to adapt to new situations triggered by eg, climate change.

Suggested Citation

  • Huber, Michael, 2004. "Reforming the UK flood insurance regime. The breakdown of a gentlemen's agreement," LSE Research Online Documents on Economics 36049, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:36049
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    File URL: http://eprints.lse.ac.uk/36049/
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    References listed on IDEAS

    as
    1. Dan R Anderson, 2002. "Environmental Risk Management: A Critical Part of Corporate Strategy," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 27(2), pages 152-180, April.
    2. Cummins, J. David & Doherty, Neil & Lo, Anita, 2002. "Can insurers pay for the "big one"? Measuring the capacity of the insurance market to respond to catastrophic losses," Journal of Banking & Finance, Elsevier, vol. 26(2-3), pages 557-583, March.
    3. Huber, Michael, 2002. "Conceptualising Insurance: risk management under conditions of solvency," LSE Research Online Documents on Economics 35991, London School of Economics and Political Science, LSE Library.
    4. Martin F. Grace & Robert W. Klein & Paul R. Kleindorfer, 2001. "The Demand for Homeowners Insurance with Bundled Catastrophe Coverages," Working Paper Series: Finance and Accounting 69, Department of Finance, Goethe University Frankfurt am Main.
    5. Robert W. Klein & Paul R. Kleindorfer, 1999. "The Supply of Catastrophe Insurance Under Regulatory Constraints," Center for Financial Institutions Working Papers 99-25, Wharton School Center for Financial Institutions, University of Pennsylvania.
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    Cited by:

    1. Sauer, J., 2012. "Natural disasters and agriculture: individual risk preferences towards flooding," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 47, March.
    2. Sauer, Johannes & Finger, Robert, 2014. "Climate Risk Management Strategies in Agriculture – The Case of Flood Risk," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 172679, Agricultural and Applied Economics Association.
    3. Schwarze, Reimund & Wagner, Gert G., 2005. "Versicherungspflicht gegen Elementarschäden: Ein Lehrstück für Probleme der volkswirtschaftlichen Politikberatung," Discussion Papers 2005/4, Technische Universität Berlin, School of Economics and Management.
    4. Kristian Krieger, 2013. "The limits and variety of risk‐based governance: The case of flood management in Germany and England," Regulation & Governance, John Wiley & Sons, vol. 7(2), pages 236-257, June.

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    More about this item

    JEL classification:

    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

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