Financial mechanisms formulated to reduce vulnerability to disasters by employing structured instruments such as insurance policies and catastrophe bonds which spread risks in exchange for a premium.
20 Nov 2015, Conversation Media Group, the
Homes were destroyed last month in bushfires near Lancefield, Victoria, lives have been lost as fires continue to sweep through southern Western Australia. Alongside the devastating loss of life and properties, many properties potentially in the path of bushfires are inadequately insured...
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