Compulsory Insurance Against Damage Caused by Natural Disasters
Abstract Like the floods of 2002 and 2013, the consequences of the flood in July 2021 have dramatically demonstrated the need for comprehensive climate adaptation measures in Germany. In this context, the government has for the third time commissioned a working group to examine an insurance obligati...
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| Format: | Article |
| Language: | deu |
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Sciendo
2022-01-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3093-8 |
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| _version_ | 1832573973813002240 |
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| author | Ann-Kristin Becker Christoph Oslislo |
| author_facet | Ann-Kristin Becker Christoph Oslislo |
| author_sort | Ann-Kristin Becker |
| collection | DOAJ |
| description | Abstract Like the floods of 2002 and 2013, the consequences of the flood in July 2021 have dramatically demonstrated the need for comprehensive climate adaptation measures in Germany. In this context, the government has for the third time commissioned a working group to examine an insurance obligation against natural hazards. While the basic arguments in the debate are not new, there are still several open questions on the central design and implementation details. We draw attention to the key economic trade-offs in this debate and argue that the frequent criticisms of compulsory insurance are based on specific design assumptions and therefore do not serve as general arguments against an insurance obligation. |
| format | Article |
| id | doaj-art-6e68fa03116847d9ba4bd5858f64d574 |
| institution | Kabale University |
| issn | 0043-6275 1613-978X |
| language | deu |
| publishDate | 2022-01-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-6e68fa03116847d9ba4bd5858f64d5742025-02-02T01:35:05ZdeuSciendoWirtschaftsdienst0043-62751613-978X2022-01-011021455110.1007/s10273-022-3093-8Compulsory Insurance Against Damage Caused by Natural DisastersAnn-Kristin Becker0Christoph Oslislo1Institut für Wirtschaftspolitik, Universität KölnInstitut für Wirtschaftspolitik, Universität KölnAbstract Like the floods of 2002 and 2013, the consequences of the flood in July 2021 have dramatically demonstrated the need for comprehensive climate adaptation measures in Germany. In this context, the government has for the third time commissioned a working group to examine an insurance obligation against natural hazards. While the basic arguments in the debate are not new, there are still several open questions on the central design and implementation details. We draw attention to the key economic trade-offs in this debate and argue that the frequent criticisms of compulsory insurance are based on specific design assumptions and therefore do not serve as general arguments against an insurance obligation.https://doi.org/10.1007/s10273-022-3093-8 |
| spellingShingle | Ann-Kristin Becker Christoph Oslislo Compulsory Insurance Against Damage Caused by Natural Disasters Wirtschaftsdienst |
| title | Compulsory Insurance Against Damage Caused by Natural Disasters |
| title_full | Compulsory Insurance Against Damage Caused by Natural Disasters |
| title_fullStr | Compulsory Insurance Against Damage Caused by Natural Disasters |
| title_full_unstemmed | Compulsory Insurance Against Damage Caused by Natural Disasters |
| title_short | Compulsory Insurance Against Damage Caused by Natural Disasters |
| title_sort | compulsory insurance against damage caused by natural disasters |
| url | https://doi.org/10.1007/s10273-022-3093-8 |
| work_keys_str_mv | AT annkristinbecker compulsoryinsuranceagainstdamagecausedbynaturaldisasters AT christophoslislo compulsoryinsuranceagainstdamagecausedbynaturaldisasters |