Building a Natural Hazard Insurance System (NHIS): The Long-lasting Italian Case

The worrying growth of extreme natural events and their socioeconomic impact over time is increasingly fuelling the debate on how to manage disasters in view of developing resilient and sustainable societies. One possible financial tool may be represented by insurance against natural hazards, such a...

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Autores principales:	Fabrizio Terenzio Gizzi, Donatella Porrini, Francesco De Masi
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	natural hazard insurance disaster insurance built heritage damage compensation insurance system text mining Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/84af8c59cf924990882a11e95d1b89a3
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spelling	oai:doaj.org-article:84af8c59cf924990882a11e95d1b89a32021-11-11T19:49:43ZBuilding a Natural Hazard Insurance System (NHIS): The Long-lasting Italian Case10.3390/su1321122692071-1050https://doaj.org/article/84af8c59cf924990882a11e95d1b89a32021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/21/12269https://doaj.org/toc/2071-1050The worrying growth of extreme natural events and their socioeconomic impact over time is increasingly fuelling the debate on how to manage disasters in view of developing resilient and sustainable societies. One possible financial tool may be represented by insurance against natural hazards, such as earthquakes, floods, and landslides. From this perspective, the current article considers legislative attempts to build a Natural Hazard Insurance System (NHIS) in Italy. The (never promulgated) bills proposed over a time span of about 30 years were analysed by: (a) A text-mining technique, considering the extraction of relevant data for the research; (b) the careful reading of the texts and their cross-correlated critical analysis. Approximately forty bills have been proposed since the 1980s and they mainly concern the proposal of an NHIS based on a certain degree of compulsoriness (the voluntary system is contemplated only on a subordinate basis). Two possible main hurdles to the promulgation of such laws were inferred: the insurance scheme to be adopted and the issue of illegal buildings. Furthermore, the item of natural hazard risk perception was a factor not adequately considered by the bills. Based on the critical scrutiny of the bills and taking advantage of international experiences, the establishment of a voluntary national scheme managed by a public authority with specific competences on NHIS is proposed.Fabrizio Terenzio GizziDonatella PorriniFrancesco De MasiMDPI AGarticlenatural hazard insurancedisaster insurancebuilt heritagedamage compensationinsurance systemtext miningEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12269, p 12269 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	natural hazard insurance disaster insurance built heritage damage compensation insurance system text mining Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	natural hazard insurance disaster insurance built heritage damage compensation insurance system text mining Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Fabrizio Terenzio Gizzi Donatella Porrini Francesco De Masi Building a Natural Hazard Insurance System (NHIS): The Long-lasting Italian Case
description	The worrying growth of extreme natural events and their socioeconomic impact over time is increasingly fuelling the debate on how to manage disasters in view of developing resilient and sustainable societies. One possible financial tool may be represented by insurance against natural hazards, such as earthquakes, floods, and landslides. From this perspective, the current article considers legislative attempts to build a Natural Hazard Insurance System (NHIS) in Italy. The (never promulgated) bills proposed over a time span of about 30 years were analysed by: (a) A text-mining technique, considering the extraction of relevant data for the research; (b) the careful reading of the texts and their cross-correlated critical analysis. Approximately forty bills have been proposed since the 1980s and they mainly concern the proposal of an NHIS based on a certain degree of compulsoriness (the voluntary system is contemplated only on a subordinate basis). Two possible main hurdles to the promulgation of such laws were inferred: the insurance scheme to be adopted and the issue of illegal buildings. Furthermore, the item of natural hazard risk perception was a factor not adequately considered by the bills. Based on the critical scrutiny of the bills and taking advantage of international experiences, the establishment of a voluntary national scheme managed by a public authority with specific competences on NHIS is proposed.
format	article
author	Fabrizio Terenzio Gizzi Donatella Porrini Francesco De Masi
author_facet	Fabrizio Terenzio Gizzi Donatella Porrini Francesco De Masi
author_sort	Fabrizio Terenzio Gizzi
title	Building a Natural Hazard Insurance System (NHIS): The Long-lasting Italian Case
title_short	Building a Natural Hazard Insurance System (NHIS): The Long-lasting Italian Case
title_full	Building a Natural Hazard Insurance System (NHIS): The Long-lasting Italian Case
title_fullStr	Building a Natural Hazard Insurance System (NHIS): The Long-lasting Italian Case
title_full_unstemmed	Building a Natural Hazard Insurance System (NHIS): The Long-lasting Italian Case
title_sort	building a natural hazard insurance system (nhis): the long-lasting italian case
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/84af8c59cf924990882a11e95d1b89a3
work_keys_str_mv	AT fabrizioterenziogizzi buildinganaturalhazardinsurancesystemnhisthelonglastingitaliancase AT donatellaporrini buildinganaturalhazardinsurancesystemnhisthelonglastingitaliancase AT francescodemasi buildinganaturalhazardinsurancesystemnhisthelonglastingitaliancase
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Building a Natural Hazard Insurance System (NHIS): The Long-lasting Italian Case

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