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    At War with the Weather: Managing Large-Scale Risks in a New Era of Catastrophes (Paperback) By (author) Howard C. Kunreuther, By (author) Erwann O. Michel-Kerjan, With Neil A. Doherty, With Martin F. Grace, With Robert W. Klein, With Mark V. Pauly, Assisted by Carol Heller

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    DescriptionThe United States and other nations are facing large-scale risks at an accelerating rhythm. In 2005, three major hurricanes--Katrina, Rita, and Wilma--made landfall along the U.S. Gulf Coast within a six-week period. The damage caused by these storms led to insurance reimbursements and federal disaster relief of more than $180 billion--a record sum. Today we are more vulnerable to catastrophic losses because of the increasing concentration of population and activities in high-risk coastal regions of the country. The question is not whether but when, and how frequently, future catastrophes will strike and the extent of damages they will cause. Who should pay the costs associated with catastrophic losses suffered by homeowners in hazard-prone areas? In At War with the Weather, Howard Kunreuther and Erwann Michel-Kerjan with their colleagues deliver a groundbreaking analysis of how we currently mitigate, insure against, and finance recovery from natural disasters in the United States. They offer innovative, long-term solutions for reducing losses and providing financial support for disaster victims that define a coherent strategy to assure sustainable recovery from future large-scale disasters. The amount of data collected and analyzed and innovations proposed make this the most comprehensive book written on these critical issues in the past thirty years.


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  • Full bibliographic data for At War with the Weather

    Title
    At War with the Weather
    Subtitle
    Managing Large-Scale Risks in a New Era of Catastrophes
    Authors and contributors
    By (author) Howard C. Kunreuther, By (author) Erwann O. Michel-Kerjan, With Neil A. Doherty, With Martin F. Grace, With Robert W. Klein, With Mark V. Pauly, Assisted by Carol Heller
    Physical properties
    Format: Paperback
    Number of pages: 440
    Width: 203 mm
    Height: 226 mm
    Thickness: 25 mm
    Weight: 885 g
    Language
    English
    ISBN
    ISBN 13: 9780262516549
    ISBN 10: 0262516543
    Classifications

    BIC geographical qualifier V2: 1KBB
    B&T Book Type: NF
    BIC E4L: ECO
    Nielsen BookScan Product Class 3: S4.5
    BIC subject category V2: KFFN
    LC classification: HD
    B&T General Subject: 180
    BIC subject category V2: KCN
    Ingram Subject Code: BE
    Libri: I-BE
    Warengruppen-Systematik des deutschen Buchhandels: 27870
    LC subject heading:
    B&T Merchandise Category: UP
    Abridged Dewey: 333
    BISAC V2.8: BUS033070
    BIC subject category V2: 1KBB
    LC subject heading:
    BISAC V2.8: BUS099000
    LC subject heading:
    DC22: 368.12200973
    DC23: 368.12200973
    Thema V1.0: KCVG, KFFN, GPQD
    Thema geographical qualifier V1.0: 1KBB
    Edition statement
    Reprint
    Illustrations note
    82 figures, 47 tables
    Publisher
    MIT Press Ltd
    Imprint name
    MIT Press
    Publication date
    02 September 2011
    Publication City/Country
    Cambridge, Mass.
    Author Information
    Howard C. Kunreuther is Cecilia Yen Koo Professor of Decision Sciences and Public Policy at the Wharton School, University of Pennsylvania and Codirector of the Wharton Risk Management and Decision Processes Center. He is Co-Chair of the World Economic Forum's Global Agenda Council on Innovation and Leadership in Reducing Risks from Natural Disasters. Erwann O. Michel-Kerjan is Managing Director of the Wharton Risk Management and Decision Processes Center and teaches in the Wharton School MBA program. He is Chairman of the OECD's Secretary-General High Level Advisory Board on Financial Management of Large-Scale Catastrophes.
    Review quote
    "The authors have provided the ultimate institutional and theoretical analysis, and empirical reference source, for hurricane and flood risk insurance and mitigation. At War with the Weather will surely become a sine qua non of every researcher, corporate analyst, and state or federal policymaker, and will be extensively cited. A spectacular work."--Mark J. Machina, Department of Economics, University of California, San Diego "At War with the Weather provides a comprehensive introduction to, and analysis of, US homeowners' insurance against hurricane risk. This excellent study of disaster insurance will be valuable to readers interested in insurance of hurricanes and other catastrophic risks."--James K. Hammitt, Professor of Economics and Decision Sciences, Harvard University, and Director, Center for Risk Analysis -- James K. Hammitt "This book will prove to be a very important contribution to this field for a long time to come."--Robert E. Litan, Vice President for Research and Policy, Ewing Marion Kauffman Foundation -- Robert E. Litan " At War with the Weather offers more than just a detailed plan for managing weather risks. It outlines a long-overdue comprehensive, disciplined theory of risk management that applies to all manner of catastrophes." Michael Chertoff , former U.S. Secretary of Homeland Security " At War with the Weather provides a comprehensive introduction to, and analysis of, US homeowners" insurance against hurricane risk. This excellent study of disaster insurance will be valuable to readers interested in insurance of hurricanes and other catastrophic risks." James K. Hammitt , Professor of Economics and Decision Sciences, Harvard University, and Director, Center for Risk Analysis "In At War with the Weather, Professors Howard Kunreuther and Erwann Michel-Kerjan and their colleagues present leading thinking in a data-driven analysis of the problem society faces in managing the risk of natural disasters. They analyze the dynamics of the market, including the significance of insurer regulation, and propose innovative solutions. This book is essential reading for anyone searching for solutions to the problem of financing large-scale catastrophes." Terri M. Vaughan , CEO, National Association of Insurance Commissioners "This book will prove to be a very important contribution to this field for a long time to come." Robert E. Litan , Vice President for Research and Policy, Ewing Marion Kauffman Foundation "This is a book you are going to want to read. The subject is important and the authors know what they are doing." Joseph B. Treaster , Knight Chair in Cross Cultural Communication at the University of Miami, former New York Times reporter "This wide-ranging and incisive volume provides telling answers to a compelling question: How should we control the risks and pay for the losses from weather catastrophes? The analysis, with extensive data and new insights, examines the roles of homeowners and regulators, of public and private insurance, and of financial markets in protecting the nation's trillions of dollars of assets at risk." Richard Zeckhauser , Frank P. Ramsey Professor of Political Economy, Kennedy School of Government, Harvard University