Flood Risk Exposure in Austria – Options for Bearing Risk Efficiently
AbstractDue to its topography, Austria is exposed to many natural hazards. Inadequate spatial planning aggravates natural exposure to risks, 12% of all buildings are potentially exposed to flooding almost 9% are considered to be at an extreme risk. Reinforcing precautionary measures is a prerequisite for an efficient risk management system that will be ready to meet future challenges. In an efficient risk management system the Austrian government's relief payments after catastrophic events should be substituted by a broad (mostly compulsory) insurance against natural hazards. The strong involvement of government in the provisions of precautionary measures against natural disasters and its role during emergencies should be better co-ordinated with private measures.
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Bibliographic InfoArticle provided by Duncker & Humblot, Berlin in its journal Schmollers Jahrbuch.
Volume (Year): 128 (2008)
Issue (Month): 4 ()
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Web page: http://www.duncker-humblot.de
Find related papers by JEL classification:
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
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- Reimund Schwarze & Gert G. Wagner, 2009. "Natural Hazards Insurance in Europe ? Tailored Responses to Climate Change Needed," Working Papers 2009-06, Faculty of Economics and Statistics, University of Innsbruck.
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