Linking insurance and mitigation : the need for public-private partnerships.

Includes bibliographical references

Spiral bound

This paper proposes an approach for managing natural disasters which stresses the importance of private insurance as a catalyst for reducing losses in the future and covering much of the losses. The success of the proposed disaster management program requires the active involvement of a number of interested parties from the private sector such as insurers, banks and financial institutions, realtors, builders and contractors. It also requires that government officials enforce building codes. Public sector agencies have a role in providing assistance to low-income families so that they can adopt cost-effective mitigation measures. State insurance commissioners have to be sympathetic to risk-based premiums for coverage against natural disaster losses