The Role of the Financial Sector in Mass Evacuations


Research on the role of the financial sector in mass evacuations is being led by Paul Kovacs, Executive Director at the Institute for Catastrophic Loss Reduction and Adjunct Economics Professor at the University of Western Ontario. He will be supported by Research Associate and Post-Doctoral Fellow Bohan Li.

Research Objectives

This project will examine the role banks and insurance companies play when Canadians are confronted by a mass evacuation. The focus will be on the role of the financial sector in support of mass evacuations and how to make this information clearer for the public, policymakers and other stakeholders seeking to improve the effectiveness of mass evacuations.
 

About the Researchers


Paul Kovacs

Paul Kovacs is founder and Executive Director of the Institute for Catastrophic Loss Reduction at Western University. Since 1996 Paul has been a contributing author to the Intergovernmental Panel on Climate Change (IPCC), the world’s leading forum for the study of climate issues. The Panel won the 2007 Nobel Peace Prize “for their efforts to build up and disseminate greater knowledge about man-made climate change”. He is Canada’s leading authority on insurance and climate change and is a contributing author to numerous international and Canadian reports on reducing the risk of loss from earthquakes, flood and severe wind.

Bohan Li

Bohan Li is a Research Associate at the Institute for Catastrophic Loss Reduction and a Post-Doctoral Fellow at the University of Western Ontario. He received his Ph.D. in Economics at the University of Western Ontario.

Li coauthored the "Climate Disclosure, Finance, and Litigation" chapter in Canada in a Changing Climate report and has worked on studies related to earthquake insurance in Canada and cost-benefit assessments of disaster risk reduction projects.