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Natural Hazards Insurance for Residential Properties and Cultural Heritage: Which Role in the Coming Years?

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Hazards and Sustainability".

Deadline for manuscript submissions: closed (30 June 2022) | Viewed by 3918

Special Issue Editors


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Guest Editor
Institute of Heritage Science, National Research Council (ISPC-CNR), Area Della Ricerca, C.da S. Loja, Tito, 85050 Potenza, Italy
Interests: natural hazards; historical seismicity; historical floods; historical landslides; disaster response; natural hazard insurance; natural hazards and cultural heritage; heritage science; bibliometrics
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
Division of Environmental Science and Engineering, Pohang University of Science and Technology, South Korea
Interests: hydroclimatology; seasonal forecasting; disaster/crisis informatics; big data; water resources management

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Guest Editor
Department of Economics and Management, University of Salento, Lecce, Italy
Interests: environmental law and economics; climate change economic remedies; biodiversity economics; insurance market regulation
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

Natural hazards (NHs) such as earthquakes, floods, droughts, and landslides threaten human society and its economic system causing long-lasting financial and non-financial impacts. This statement is applicable especially considering the dramatic increase in number and severity of NH events around the world due to the growing amount of people living in disaster-prone areas, real estate vulnerability, ineffectiveness of flood mitigation actions, and climate change.

The cost of damage associated with catastrophe risks (cat-risks) poses serious challenges to governments in terms of policy choice. However, the insurance sector can play a relevant role in different directions by supplying policies covering claims of third parties who allege injury or property damage and by designing financial products aiming to motivate technological responses to risks. Insurers can encourage indirect effects by proactively stimulating prevention behavior in their customers.

The purpose of this Special Issue is to form a discussion on the role that hazard insurance can play in the "protection" of residential properties and cultural heritage in the near future. Therefore, we invite you to contribute to this Issue by submitting wide-ranging reviews, novel case studies, or research articles. Examples of contents include but are not limited to:

-public and private insurance against natural hazards;

-insurance as a driving force of risk mitigation;

-estimation of insurance premiums and its uncertainty;

-loss assessment models;

-risk awareness, insurance acceptance, and willingness to pay;

-individual behavior role in loss mitigation;

-lessons learned from disaster occurrences;

-insurance for cultural heritage;

-big data and NH insurance; and

-smart insurance contracts (e.g., blockchain technology)

Dr. Fabrizio Terenzio Gizzi
Dr. Jonghun Kam
Prof. Donatella Porrini
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Insurance
  • natural hazards
  • catastrophe risks
  • risk mitigation
  • residential properties
  • cultural heritage
  • big data

Published Papers (1 paper)

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Research

22 pages, 2650 KiB  
Article
Building a Natural Hazard Insurance System (NHIS): The Long-lasting Italian Case
by Fabrizio Terenzio Gizzi, Donatella Porrini and Francesco De Masi
Sustainability 2021, 13(21), 12269; https://doi.org/10.3390/su132112269 - 6 Nov 2021
Cited by 6 | Viewed by 3048
Abstract
The worrying growth of extreme natural events and their socioeconomic impact over time is increasingly fuelling the debate on how to manage disasters in view of developing resilient and sustainable societies. One possible financial tool may be represented by insurance against natural hazards, [...] Read more.
The worrying growth of extreme natural events and their socioeconomic impact over time is increasingly fuelling the debate on how to manage disasters in view of developing resilient and sustainable societies. One possible financial tool may be represented by insurance against natural hazards, such as earthquakes, floods, and landslides. From this perspective, the current article considers legislative attempts to build a Natural Hazard Insurance System (NHIS) in Italy. The (never promulgated) bills proposed over a time span of about 30 years were analysed by: (a) A text-mining technique, considering the extraction of relevant data for the research; (b) the careful reading of the texts and their cross-correlated critical analysis. Approximately forty bills have been proposed since the 1980s and they mainly concern the proposal of an NHIS based on a certain degree of compulsoriness (the voluntary system is contemplated only on a subordinate basis). Two possible main hurdles to the promulgation of such laws were inferred: the insurance scheme to be adopted and the issue of illegal buildings. Furthermore, the item of natural hazard risk perception was a factor not adequately considered by the bills. Based on the critical scrutiny of the bills and taking advantage of international experiences, the establishment of a voluntary national scheme managed by a public authority with specific competences on NHIS is proposed. Full article
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