PUBLIC-PRIVATE PARTNERSHIP FOR NATURAL HAZARD MITIGATION INVOLVING RETROFIT AND INSURANCE

XIJUN YAO
Public-private Partnerships (PPP) involving governments and insurers have been used globally in natural hazard mitigation. Yet high expense on building retrofit and catastrophe insurance still prevents government from providing effective mitigations. This thesis introduces a new framework that governments can utilize to motivate insurers to insure property owners with an affordable premium and receive a high proportion of reimbursement on retrofit investment. Two case studies in the thesis show a high feasibility of this partnership...
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