Rules Rather Than Discretion: Lessons From Hurricane Katrina
- Topics:
- Homeland Security,
- Insurance
- Tags:
- Business Operations,
- Corporate Insurance,
- Finance,
- Financial Accounting,
- Financial Planning,
- Government,
- Hurricane Katrina,
- Insurance,
- University Of Pennsylvania
- Source:
- University of Pennsylvania
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Overview: This paper explores options for programs to be put in place prior to a disaster to avoid large and often poorly-managed expenditures following a catastrophe and to provide appropriate protection against the risk of those large losses which do occur. The lack of interest in insurance protection and mitigation by property owners and by public sector agencies prior to a disaster often creates major problems following a catastrophic event for victims and the government. Property owners who suffer severe damage may not have the financial resources easily at hand to rebuild their property and hence will demand relief.
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Format: PDF | Size: 200KB | Date: Aug 2006 | Pages: 32
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