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This working paper investigates the adaptation of property insurance markets to climate change, focusing on risk selection and regulation in the homeowners insurance market, especially related to wildfire risks. The authors analyze how insurance pricing strategies vary among firms based on the granularity of risk information, highlighting issues of adverse selection, winner\'s curse, and regulatory constraints. The findings suggest that asymmetries in risk information can drive higher...
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NBER Working Paper 32625 is a research paper published by the National Bureau of Economic Research (NBER) that discusses a specific economic topic or analysis.
Typically, researchers, economists, or institutions conducting studies related to the topic addressed in NBER Working Paper 32625 are required to file or submit this paper.
Filling out NBER Working Paper 32625 involves gathering relevant data, following the NBER guidelines for formatting and structure, and submitting the paper through their designated platform.
The purpose of NBER Working Paper 32625 is to present and disseminate research findings, contributing to the academic discussion and providing insights into economic issues.
The information that must be reported includes the research hypothesis, methodology, findings, and conclusions, along with references and relevant data.
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