At War with the Weather: Managing Large-Scale Risks in a New Era of Catastrophes

At War with the Weather: Managing Large-Scale Risks in a New Era of Catastrophes

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Product Details

ISBN-13: 9780262516549
Publisher: MIT Press
Publication date: 08/19/2011
Series: The MIT Press
Edition description: Reprint
Pages: 440
Product dimensions: 8.00(w) x 9.00(h) x 0.75(d)
Age Range: 18 Years

About the Author

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.

What People are Saying About This

Robert E. Litan

"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

Richard Zeckhauser

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.

Endorsement

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

From the Publisher

" 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

Joseph B. Treaster

This is a book you are going to want to read. The subject is important and the authors know what they are doing.

Terri M. Vaughan

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.

Mark J. Machina

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.

Michael Chertoff

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.

James K. Hammitt

"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

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