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Economy & Business, Volume 8, 2014

INSURANCE COVERAGE AGAINST THE RISK OF NATURAL DISASTERS
Antonio Coviello, Giovanni Di Trapani
Pages: 1263-1275
Published: 28 Nov 2014
Views: 1825
Downloads: 458
Abstract: The phenomena of natural origin are part of life on Earth, but their effects can become destructive interacting with a man-made territory and often unprepared. There are different definitions of a natural disaster on the basis of different approaches; consider specifically that of Turner (1976): the impact of an extreme event concentrated in space and time, which greatly exceeds human expectations in terms of magnitude and frequency and that has a profound impact on the socio-economic system.
Keywords: insurance, risk management, natural disaster
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