Increasing stress on disaster-risk finance due to large floods

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      <subfield code="a">Increasing stress on disaster-risk finance due to large floods</subfield>
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      <subfield code="a">Recent major flood disasters have shown that single extreme events can afect multiple countries simultaneously, which puts high pressure on trans-national risk reduction and risk transfer mechanisms. So far, little is known about such flood hazard interdependencies across regions and the corresponding joint risks at regional to continental scales. Reliable information on correlated loss probabilities is crucial for eveloping robust insurance schemes5 and public adaptation funds, and for enhancing our understanding of climate change impacts</subfield>
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      <subfield code="t">Nature Climate Change</subfield>
      <subfield code="g">p. 1-5 ; 2 March 2014</subfield>
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