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Financial Management of Large-Scale Catastrophes

image of Financial Management of Large-Scale Catastrophes

Dramatic events, such as the earthquake that struck China’s Sichuan Province in 2008 and the devastation caused by Hurricane Katrina in the United States in 2005, have brought the financial management of catastrophic risks once again to the forefront of the public policy agenda globally. To address these issues and develop sound policies, the OECD has established an International Network on the Financial Management of Large-Scale Catastrophes. This publication supports the ongoing activities of the Network.

This book contains three reports focusing on different institutional approaches to the financial management of large-scale catastrophes in selected OECD and non-OECD countries, the role of risk mitigation and insurance in reducing the impact of natural disasters, and the importance of strategic leadership in the management of non-conventional crises.

English

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The Role Of Cost-Benefit Analysis In Evaluating Mitigation Measures For Natural Disasters

This chapter discusses the role of cost-benefit analysis in evaluating mitigation measures It analyses the types of mitigation measures that can reduce the physical damage from hurricanes, flood, and earthquake and the costs of these measures. The chapter also discusses the current operation of several insurance programs for providing coverage against natural hazards in the United States and other countries (France, Great Britain and Japan).

English

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