The best tool to protect oneself from a natural disaster is private insurance, said HowardKunreuther, co-director of the Risk Management and Decision Processes Center at the University of Pennsylvania's Wharton School.
It is possible, for instance, to say that there is a 60% chance of a major earthquake in Istanbul in the next 30 years, says HowardKunreuther at the Wharton School at the University of Pennsylvania.