The Research Of Compensation Mechanism By Government In Risk Management Of Earthquake Catastrophe

In recent years, China is always a country seriously stricken byearthquake catastrophes. Earthquake catastrophes cause magnificent lossesin economy. But in China the main way of Catastrophe compensation always liesin the use of fiscal funds. This kind of Catastrophe compensation has severaldisadvantages. After researching the current government compensation, thepresent condition and problem of government compensation indicates thecurrent government compensation can not be satisfied with earthquakecatastrophe losses.In order to solve these issues, studying the experiences of any othercountries or areas is very necessary. Now, any other countries have establishedperfected compensation fund system of earthquake catastrophe, China willabsorb the successful experiences to establish our earthquake compensationfund system led by Chinese government. Compensation fund system willimprove earthquake catastrophe risk management and reduce government losses in economy.