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

At War with the Weather: Managing Large-Scale Risks in a New Era of Catastrophes Cover Image
Call or email to see if a used copy is available.
Out of Print

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.

About the Author


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.


Product Details
ISBN: 9780262012829
ISBN-10: 0262012820
Publisher: MIT Press (MA)
Publication Date: July 1st, 2009
Pages: 416
Language: English
Northshire Manchester Store

Northshire Manchester
4869 Main Street
Manchester Center, VT 05255
ph. 802.362.2200
ph. (toll free) 800.437.3700
Daily 10am-6pm
Directions to Manchester

Northshire Saratoga Store

Northshire Saratoga
424 Broadway
Saratoga Springs, NY 12866
ph. 518.682.4200
ph. (toll free) 855.339.5990
Daily 10am-6pm
Directions to Saratoga Springs