Between public and private

As emerged during the COP21, climate change is a topic of worldwide interest that is taking on an increasingly important role in the agenda of governments, international institutions and civil society. In regards to natural disasters, there are nowadays three models for insurance coverage: the voluntary one, totally depending on the individuals that decide to underwrite a policy, the semi-voluntary one, where insurance against fire includes a coverage against catastrophic risks, and the mandatory one, that provides by law an obligation to coverage while the state is responsible only for public property.