At War with the Weather
Managing Large-Scale Risks in a New Era of Catastrophes
Published on 1. July 2009
Book
Hardback
440 pages
978-0-262-01282-9 (ISBN)
Description
Innovative, long-term strategies for reducing vulnerability to large-scale natural disasters and for providing financial support for disaster victims.
The 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.
The 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.
More details
Series
Language
English
Place of publication
Cambridge, Mass.
United States
Publishing group
MIT Press Ltd
Target group
College/higher education
Professional and scholarly
Interest Age: From 18 years
Illustrations
82 Schaubilder, 47 Tabellen
82 figures, 47 tables
Dimensions
Height: 229 mm
Width: 203 mm
Thickness: 19 mm
Weight
953 gr
ISBN-13
978-0-262-01282-9 (9780262012829)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Howard C. Kunreuther | Erwann O. Michel-Kerjan
At War with the Weather
Managing Large-Scale Risks in a New Era of Catastrophes
E-Book
08/2011
MIT Press
€30.99
Available for download
Persons
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.
Howard 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 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. [bios from authors 7/30]
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.
Howard 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 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. [bios from authors 7/30]
Author
Cecilia Yen Koo Professor; Professor of Decision Sciences and Business and Public Policy; Co-DirectoThe Wharton School at the University of Pennsylvania
Managing Director of the Risk Management and Decision Processes CenterUniversity of Pennsylvania
Co-Author
Frederick H. Ecker Professor of Insurance and Risk Management;Chairperson, Insurance and Risk ManagUniversity of Pennsylvania
James S. Kemper Professor of Risk ManagementGeorgia State University
Associate Professor of Risk Management and Insurance;Director of the Center for Risk Management andGeorgia State University
Bendheim Professor; Professor of Health Care Systems, Business and Public Policy, Insurance and RiskUniversity of Pennsylvania - Health Care Systems Department