CFI Seminar: “Making Catastrophe Insurance Decisions When the Science Is Uncertain”

Richard Bradley, Laurance S. Rockefeller Visiting Fellow in Princeton’s University Center for Human Values (UCHV), will present “Making Catastrophe Insurance Decisions When the Science Is Uncertain” at 4:30 p.m. Wednesday, Sept. 25, in Guyot Hall, Room 100.

Bradley will examine the pricing of catastrophe insurance and argue in favor of pricing methods that exploit the trade-off between the specificity of scientific projections and the level of confidence in them mandated by current scientific understanding. While insurance and reinsurance are useful mechanisms for dealing with the risks associated with natural hazards, the scientific uncertainty contained in computational projections of hazard frequency and severity need to be recognized, measured and communicated to decision makers and decision tools developed.

Bradley is the first speaker in the Fall 2019 CFI Seminar Series, which is free and open to the public. Additional speakers and dates in this series are:

Oct. 23

Incorporating Social Equity in Multi-Objective Sustainable Infrastructure Planning in Cities
Anu Ramaswami, Sanjay Swani ’87 Professor of India Studies, Professor of Civil and Environmental Engineering, the Princeton Institute for International and Regional Studies, and the Princeton Environmental Institute

Nov. 20

‘Rapid Switch’ at Princeton: Bringing Political Science and Psychology to Bear on Research on Decarbonization
Elke U. Weber
, Gerhard R. Andlinger Professor in Energy and the Environment, Professor of Psychology and Public Affairs
Robert Keohane, Professor of Public and International Affairs, Emeritus

Dec. 4

Stephen Pacala, Frederick D. Petrie Professor in Ecology and Evolutionary Biology

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CFI Seminar: “Making Catastrophe Insurance Decisions When the Science Is Uncertain”

Event Date

Wed, Sep 25, 2019 ・ 4:30 PM - 6:00 PM

Location

Guyot Hall, Room 100

Category

Richard Bradley, Laurance S. Rockefeller Visiting Fellow in Princeton’s University Center for Human Values (UCHV), will present “Making Catastrophe Insurance Decisions When the Science Is Uncertain” at 4:30 p.m. Wednesday, Sept. 25, in Guyot Hall, Room 100.

Bradley will examine the pricing of catastrophe insurance and argue in favor of pricing methods that exploit the trade-off between the specificity of scientific projections and the level of confidence in them mandated by current scientific understanding. While insurance and reinsurance are useful mechanisms for dealing with the risks associated with natural hazards, the scientific uncertainty contained in computational projections of hazard frequency and severity need to be recognized, measured and communicated to decision makers and decision tools developed.

Bradley is the first speaker in the Fall 2019 CFI Seminar Series, which is free and open to the public. Additional speakers and dates in this series are:

Oct. 23

Incorporating Social Equity in Multi-Objective Sustainable Infrastructure Planning in Cities
Anu Ramaswami, Sanjay Swani ’87 Professor of India Studies, Professor of Civil and Environmental Engineering, the Princeton Institute for International and Regional Studies, and the Princeton Environmental Institute

Nov. 20

‘Rapid Switch’ at Princeton: Bringing Political Science and Psychology to Bear on Research on Decarbonization
Elke U. Weber
, Gerhard R. Andlinger Professor in Energy and the Environment, Professor of Psychology and Public Affairs
Robert Keohane, Professor of Public and International Affairs, Emeritus

Dec. 4

Stephen Pacala, Frederick D. Petrie Professor in Ecology and Evolutionary Biology