2015
DOI: 10.1007/s11069-015-1968-3
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Estimating the uninsured losses due to extreme weather events and implications for informal sector vulnerability: a case study of Mumbai, India

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Cited by 64 publications
(52 citation statements)
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“…This is the growing gap between the insured and actual economic losses caused by catastrophic events, such as floods, earthquakes, and terrorist attacks, which amounts to some $1.3 trillion (for natural catastrophes alone) over the past 10 years (Swiss Re, 2015). In the absence of adequate insurance, the burden of paying for such losses falls on resource-constrained governments or aid organizations, and generates economic and social hardship in both developing and developed economies (Patankar and Patwardhan, 2016).…”
Section: Studying Grand Challenges Via a Paradox Lens: The Insurance mentioning
confidence: 99%
“…This is the growing gap between the insured and actual economic losses caused by catastrophic events, such as floods, earthquakes, and terrorist attacks, which amounts to some $1.3 trillion (for natural catastrophes alone) over the past 10 years (Swiss Re, 2015). In the absence of adequate insurance, the burden of paying for such losses falls on resource-constrained governments or aid organizations, and generates economic and social hardship in both developing and developed economies (Patankar and Patwardhan, 2016).…”
Section: Studying Grand Challenges Via a Paradox Lens: The Insurance mentioning
confidence: 99%
“…The city of Mumbai is highly vulnerable to climate change impacts such as flooding, cyclones, sea-level rise and coastal erosion, due to its low-lying location on a peninsula, which is poorly drained and built on reclaimed land, mainly composed of landfill (Patankar & Patwardhan, 2016;Schiller et al, 2007). Flooding is thus a chronic and recurrent problem in the city due to tidal variations, flat gradients and mud flats causing excessive siltation (MCGM, 2014).…”
Section: Flood Risk (Mis)management In Mumbai -Causes Effects and Prmentioning
confidence: 99%
“…The method will enable the community to assess their strengths and weaknesses rather than depending on other supports, such as from civic bodies, for tackling and adapting to the flood-related problems. The adaptation strategies in the Mumbai region should identify the physical, economic and social vulnerability of the areas with poor and low-income households, small businesses and informal settlements, and adaptation should be incorporated as a main component into larger developmental goals (Patankar and Patwardhan 2016). Surjan and Shaw (2009) analysed the role of participatory mechanism called ALM (Advanced Locality Management) in flood risk reduction.…”
Section: Adaptation Framework For Managing Flood Risksmentioning
confidence: 99%