Each year, hurricanes cause massive amounts of damage around the world. The losses caused by hurricane exceed insurance company's capacity. This paper focused on analyzing the current financial product in the market which could help transfer the hurricane risk. At the last, the author proposed to develop Hurricane Resiliency Index, it could serve as a key basis to measure the capacity of a community to withstand, respond to, and recover from hurricanes.
|Number of pages||7|
|Journal||Journal of Business Valuation and Economic Loss Analysis|
|State||Published - Jun 1 2016|
- hedge risk
- hurricane Risk
- hurricane futures and options
- hurricane resiliency index