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Journal Articles
The Role of Insurance in Reducing Direct Risk - The Case of Flood Insurance
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International Review of Environmental and Resource Economics (2014) 7 (3-4): 241–278.
Published: 18 December 2014
... Adaptation M2 H84 H3 G22 G28 Everyday many individuals, organizations, governments, and businesses buy insurance to transfer the risk of facing an uncertain loss in exchange for paying a certain premium. This mechanism has been used for centuries, reducing the uncertainty of financial loss...
