@article{ART001747543},
author={Jisun Ku},
title={A Legal Study on the Compensation of Damages against Natural disasters},
journal={DONG-A LAW REVIEW},
issn={1225-3405},
year={2013},
number={58},
pages={217-245}
TY - JOUR
AU - Jisun Ku
TI - A Legal Study on the Compensation of Damages against Natural disasters
JO - DONG-A LAW REVIEW
PY - 2013
VL - null
IS - 58
PB - The Institute for Legal Studies Dong-A University
SP - 217
EP - 245
SN - 1225-3405
AB - Natural disasters kill people and damage the place where people live. There days most of the natural disasters occur because of environmental pollution. And there have been many natural disasters in Korea because of an insecure environment. Besides, the rate in which these disasters are taking place is growing at an alarming rate. Framework Act on the Management of Disasters and Safety, Countermeasures against Natural Disasters Act, Act on the Prevention of and Countermeasures against Agricultural and Fishery Disasters provide that natural disaster management is one of state and local government’s most important duties. So, state and local government provide aid to people who suffered losses in natural disasters. In this situation, all parties will cooperate if they are to react natural disasters.
Therefore, A permanent countermeasure against natural disasters needs to be established. Insurance is a guarantee against risk, and loss due to natural disasters is covered by the insurance. A insurance spreads risk of loss, thus reducing the risk to the insurance policy holder. Storm and flood insurance is can be promptly indemnified damages and losses caused to property by storm and floods. But, there are so many issues surrounding storm and flood insurance. Firstly, storm and flood insurance is voluntary insurance. Secondly, the budget for support insurance premium is far from enough. To solve this problem, state must make it mandatory for people to get storm and flood insurance. Furthermore, because natural disasters can cause the large-scale damages, state must perform a role of reinsurance.
KW - natural disasters compensation;natural disaster insurance;Countermeasures against Natural Disasters Act;Storm and Flood Insurance Act;disaster management
DO -
UR -
ER -
Jisun Ku. (2013). A Legal Study on the Compensation of Damages against Natural disasters. DONG-A LAW REVIEW, 58, 217-245.
Jisun Ku. 2013, "A Legal Study on the Compensation of Damages against Natural disasters", DONG-A LAW REVIEW, no.58, pp.217-245.
Jisun Ku "A Legal Study on the Compensation of Damages against Natural disasters" DONG-A LAW REVIEW 58 pp.217-245 (2013) : 217.
Jisun Ku. A Legal Study on the Compensation of Damages against Natural disasters. 2013; 58 : 217-245.
Jisun Ku. "A Legal Study on the Compensation of Damages against Natural disasters" DONG-A LAW REVIEW no.58(2013) : 217-245.
Jisun Ku. A Legal Study on the Compensation of Damages against Natural disasters. DONG-A LAW REVIEW, 58, 217-245.
Jisun Ku. A Legal Study on the Compensation of Damages against Natural disasters. DONG-A LAW REVIEW. 2013; 58 217-245.
Jisun Ku. A Legal Study on the Compensation of Damages against Natural disasters. 2013; 58 : 217-245.
Jisun Ku. "A Legal Study on the Compensation of Damages against Natural disasters" DONG-A LAW REVIEW no.58(2013) : 217-245.
