At War with the Weather
Home Button The Book Button The Authors Button Reviews Button Blog Button Order Book Button News Button

November 24, 2012 Paying for Future Catastrophes
Op-ed by Erwann Michel-Kerjan and Howard Kunreuther: For families and businesses, insurance plays an important role in assisting financial recovery. However many people, including those in high-risk areas, don't have coverage, either put off by its cost or by the belief that the next disaster "will not happen to me."

Nature November 21, 2012 How resilient is your country?
Op-ed by Erwann Michel-Kerjan: Extreme events are on the rise. Governments must implement national and integrated risk-management strategies.
Newsday November 17, 2012 Sandy flood claims a drain on fed program
Erwann Michel-Kerjan discusses the operation of the National Flood Insurance Program, noting that if was a private company, "it would have gone bankrupt back in 2005."
News Radio
November 16, 2012 Federal News Radio
Interview with Howard Kunreuther on the National Flood Insurance Program and the need for risk-based rates and insurance vouchers
November 16, 2012 Taxpayers at Risk As Storm Bills Come Due
Erwann Michel-Kerjan: "Everyone agrees you should be paying the risk... but if you see your premium go up, you start calling your senators."
November 12, 2012 Flood Insurance, Already Fragile, Faces New Stress
Article cites research by the Wharton Risk Center that shows that certain states, like Texas, which has the second-largest number of policies, pay much less in insurance premiums than the homeowners there collect in damage claims.
November 11, 2012 A New Manhattan Project
Erwann Michel-Kerjan notes that about a million American homeowners pay less than "risk based" rates for flood coverage.
November 9, 2012 After the Storm: Managing Claims
Researchers from the Wharton Risk Management and Decision Processes Center surveyed people in the storm’s path by telephone three days before it hit. Among people within a block of a body of water, 46 percent had no flood insurance. In areas that had been evacuated in past storms or where the authorities advised people to leave, 58 percent did not have it.
November 2, 2012 Sandy Catches Northeasterners without Flood Insurance
Erwann Michel-Kerjan discusses reasons that homeowners in floor-prone areas might fail to purchase flood insurance.
Knowledge@Wharton October 31, 2012 Sandy's Costly Aftermath Interview with Howard Kunreuther: "We know that people in many areas are required to buy flood insurance, but they often don't." That situation may change with action by the U.S. Congress in July to renew the National Flood Insurance Program (NFIP) for another five years and authorize a study on the role that risk-based premiums and means-tested insurance vouchers can play in the future. "This is a target of opportunity." The best time to make progress is right after a disaster, "when people are paying attention."
October 30, 2012 For Flood Victims, Another Blow Is Possible
Erwann Michel-Kerjan notes that flood insurance “is mandatory if you have a federally backed mortgage and you’re living in a flood-risk area, but many people who were supposed to have that coverage were not covered." October 30, 2012 Sandy Stimulus? Don't bet on it.
Research by Howard Kunreuther and Erwann Michel-Kerjan shows that disasters before an election draw more government relief than disasters after an election. "Spending to improve infrastructure in preparation for future disasters is where you have the best return on investment. The challenge is generating enthusiasm in the absence of a calamity."



Knowledge@Wharton, posted March 16, 2011. Crisis in Japan: What Will the Costs Be?, posted March 15, 2011. Calls for better U.S. quake preparation


Wharton Magazine, posted March 14, 2011. Japan Facing a "Perfect Storm?"

Why Natural Disasters Are More Expensive

U.S.News & World Report, March 24, 2010 Why Natural Disasters Are More Expensive — But Less Deadly

At War With Ourselves

Insurance Network News, September 1, 2009 At War With Ourselves.

Insurance Network News

Insurance Network News, August 20, 2009 Hurricane Bill: Who Should Pay?

Wall Street Journal

Wall Street Journal, July 13, 2009 I'm Sure Glad My Insurer Dumped Me

Knowledge@Wharton Logo

July 08, 2009, Knowledge@Wharton One War We Shouldn't Avoid: A New Approach to Reducing the Cost of Future Catastrophes

MIami Herald

July, 01 2009, Miami Herald 2009 Atlantic hurricane season begins

Sun Sentinel

May, 14 2009, Myth: Tape will protect windows in a hurricane


May, 31 2009, Hurricane Prudence

Winning by a Landslide: Why more disasters are declared during an election year.

February 29, 2008.Winning by a Landslide: Why more disasters are declared during an election year.

Rethinking Strategies to Solving Risks in the MegaCat Age

June 1, 2008, Risk & Insurance Magazine, The Risk Center's study "Managing Large-Scale Risks in a New Era of Catastrophes" was the subject of an article, "Rethinking Strategies to Solving Risks in the MegaCat Age".

Flirting With Disaster

February 11, 2008, Forbes, Flirting With Disaster Howard Kunreuther authored an op-ed on long-term insurance and how it can help homeowners in hurricane zones save money and protect themselves at the same time.

Who Will Pay for the Next Hurricane?

August 25, 2007, New York Times, Who Will Pay for the Next Hurricane?
Howard Kunreuther authored an op-ed on financing the costs of natural disasters.

The Huffington Post

August 8, 2012 Erwann Michel-Kerjan and Howard Kunreuther Why We Should Not (Always) Blame Congress

Vol 333, Issue 6041, pp 408-409

July 22, 2011Erwann Michel-Kerjan and Howard KunreutherRedesigning Flood Insurance

At War with the Weather Cover

For media/publicity requests contact Carol Heller 215.898.5688