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Abstract
This article provides a critical analysis of the compensation awarded for victims of disasters. First, general guiding principles of compensation are discussed. Next, various ways of government provided victim compensation, both during the disaster and ex post are critically reviewed. Then the article focuses on ex ante insurance mechanisms for victim compensation, arguing that insurance can play a role in disaster risk reduction. Finally, the article explains how the government can cooperate with insurers in a public-private partnership for victim compensation, thus facilitating the availability of disaster insurance.
European Journal of Law Reform |
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Article | Compensation for Victims of DisastersA Comparative Law and Economic Perspective |
Keywords | victim compensation, disaster risk reduction, government relief, insurance, moral hazard, public private partnership |
Authors | Qihao He en Michael Faure |
DOI | 10.5553/EJLR/138723702021023002004 |
Author's information |
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