Insurance coverage against the risk of natural disasters

The phenomena of natural origin are part of life on Earth, but their effects can become destructive interacting with a man-made territory and often unprepared. There are different definitions of a natural disaster on the basis of different approaches; consider specifically that of Turner (1976): the impact of an extreme event concentrated in space and time, which greatly exceeds human expectations in terms of magnitude and frequency and that has a profound impact on the socio-economic system.