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Tuesday, August 3 • 2:30pm - 4:00pm
5A2 Economic Recovery Following Disasters: The Roles of Disaster Aid and Insurance

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Charles Nyce, Florida State University; Martin Boyer, HEC Montreal, Brad Karl, East Carolina University

Using multitemporal night-time lights satellite imagery, this paper explores the economic recovery from natural disasters. Hypotheses regarding the role of disaster recovery aid from other countries and pre-event insurance market penetration are developed and tested. While both aid and insurance are hypothesized to speed recovery and reduce the long-term effects of disasters, little empirical research currently exists to support this. Using the Swiss Re Sigma reports to identify disaster events globally, as well as reported insured losses to estimate insurance market penetration, lights data is used to estimate both short- and long-term economic impacts. A multi-variate difference-in-difference approach will be utilized.


Sabrina Du

Saint Norbert College


Charles Nyce

Florida State University

Martin Boyer

HEC Montreal

Brad Karl

East Carolina University
Brad Karl the IIANC-NCSLA W. Kurt Fickling Distinguished Associate Professor in Risk Management & Insurance and the Chair of the Department of Finance & Insurance in the College of Business at East Carolina University. His research interests include distracted driving risk, medical... Read More →

Tuesday August 3, 2021 2:30pm - 4:00pm EDT