Roles of Government in Compensating Disaster Victims

Sugarman, Stephen D.

doi:10.2202/1539-8323.1093

Cited by 21 publications

(17 citation statements)

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“…308-309). If compensation of victims is the main goal, other structural arrangements could of course be thought of, for example in the sphere of social security (see Sugarman, 2007 andsee Van Langendonck, 2007). Discussing these alternatives was of course outside the scope of our paper.…”

Section: Discussionmentioning

confidence: 99%

The Government as Reinsurer of Catastrophe Risks?

Bruggeman

Faure

Fiore³

2010

Geneva Pap Risk Insur Issues Pract

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Section: Discussionmentioning

confidence: 99%

The Government as Reinsurer of Catastrophe Risks?

Bruggeman

Faure

Fiore³

2010

Geneva Pap Risk Insur Issues Pract

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“…Identification of what constitutes a disaster and examining the vulnerabilities that already existed and might/ might not require compensation (Sugarman, 2007). Often recovery funding incorrectly emphasizes housing rather than more comprehensive economic building and job creation.…”

Section: Disasters and Disaster Managementmentioning

confidence: 99%

A Public-Private Partnership Model for Managing Disasters in India

Ganapathy¹

2017

IBMRD

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The frequency of natural disasters across the globe has increased and the intensity of each disaster has only exposed all nations to the vulnerabilities associated with the occurrence of disasters. Rapid urbanization, climate change, the growing gap between the haves and have-nots, inability of the state machinery to meet the needs of the socially marginalized communities and exponential growth in population are some of the reasons for the occurrence of natural disasters and the adverse effects associated with them. The financial burden of disasters is something that the government alone cannot handle. Therefore there is a greater need for private sector participation in disaster management more than ever before. Disaster planning is equally important as response and recovery and the private sector can play a crucial role in this area. Public private participation in disaster management is needed to encourage greater involvement of the private sector in disaster management efforts. The main challenge is to make such partnerships more productive so that disaster management can be effective. This study has reviewed the body of work in this area to highlight the challenges associated with public private participation in disaster management and the key research areas emerging from the same. Limited insurance and reinsurance capacity has led to the need to examine alternative risk transfer mechanisms to meet the financial obligations in the aftermath of a disaster. This effort addresses the public private participation in disaster management from both angles viz. the involvement of private sector in disaster planning, response and recovery as well as involvement in alternative risk transfer mechanisms. Based on experiences of private sector in disaster management in various regions of the world, this study has recommended actions that need to be taken by the state machinery to evolve a regulatory framework so that greater value can be derived from public private partnerships.Key words: Public-Private participation, disaster management, disaster, disaster recovery, reinsurance, alternative risk transfer, resilience. IntroductionIn an increasingly fragile world, climate change, urbanization, exponential growth in population in some regions and environmental degradation has resulted in increase in the frequency and intensity of disasters. It has therefore become important to get risk management right. A recent World Bank report concluded that the cost of disasters has quadrupled over the last 30 years -from an annual average of around a year in the 1980's to annual losses of some US$ 200 billion today. Unpredictable nature of environmental hazards are challenging for governments, communities and individual households as they lack the capacity to manage the covariant risk presented by droughts, floods and hurricanes (Kelman & West, 2009;Mycoo, 2011, Campbell & Beckford, 2009. Over 25 million people were affected by droughts in the Horn of Africa and the Sahel. Typhoon Haiyan in Philippines impacted over 16 millio...

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“…The interplay of the above instruments varies within and across countries. This is often the result of multiple and conflicting views as to what extent the public responses to flood risk should draw on principles of affordability, equity and solidarity (Sugarman 2006). Local customs and traditions, as well as risk perception and attitudes (e.g.…”

Section: Current Flood Insurance Arrangements In the European Unionmentioning

confidence: 99%

“…This system increases market penetration, reduces adverse selection and encourages DRR through risk based pricing. Yet, it may result in inequitable and even unaffordable premiums that increase the burden on the public CCS (Sugarman 2006). In Sweden, Portugal and Ireland flood insurance is voluntary and policies are issued and managed by private companies.…”

Section: Current Flood Insurance Arrangements In the European Unionmentioning

confidence: 99%

“…This regulatory framework reduces uncertainty and provides a sound background for higher market penetration. Noteworthy, though, demanding legal frameworks may make the insurance against infrequent disasters with long accumulation processes non-attractive to insurers and reinsurers (Sugarman 2006). This may be aggravated by some national tax law rules that discourage premium collection without pay-outs (Paudel et al 2012).…”

Section: The Current Eu Flood Policy Context and The Interplay With Fmentioning

confidence: 99%

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Reflections on the Current Debate on How to Link Flood Insurance and Disaster Risk Reduction in the European Union

et al. 2015

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This document is the author's final accepted version of the journal article. There may be differences between this version and the published version. You are advised to consult the publisher's version if you wish to cite from it. AbstractFlood insurance differs widely in scope and form across Europe. Against the backdrop of rising flood losses a debate about the role of EU policy in shaping the future of this compensation mechanism is led by policy makers and industry. In this paper we investigate if and how current EU policies influence flood insurance. While the question of supply and demand is at the core of the debate, we argue that another key dimension is often overlooked: how to use insurance as a lever for risk reduction and prevention efforts. We investigate if and how current EU policies interplay with these two dimensions and then reflect on the national policy level. We illustrate two conflicting cases of flood insurance: the United Kingdom (UK), where flood insurance provision is widely available, but subject to current reform, and the Netherlands, where efforts to introduce a broad flood insurance coverage have only recently failed. In analysing the current positions on the role of the EU in shaping flood insurance we conclude that there is wide agreement that a complete harmonisation of flood insurance offering across the EU is unlikely to be effective. We determine that there is clear scope for the EU to play a greater role in linking risk transfer and prevention, beyond existing channels, to ensure an integrated approach to flood risk management across the EU.

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Roles of Government in Compensating Disaster Victims

Cited by 21 publications

References 0 publications

The Government as Reinsurer of Catastrophe Risks?

The Government as Reinsurer of Catastrophe Risks?

A Public-Private Partnership Model for Managing Disasters in India

Reflections on the Current Debate on How to Link Flood Insurance and Disaster Risk Reduction in the European Union

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