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Full-Text Articles in Insurance

Toward Better Management Of Flood Losses: Flood Insurance In A Wetter World, Michael K. Mcshane, Juita-Elena (Wie) Yusuf Jan 2018

Toward Better Management Of Flood Losses: Flood Insurance In A Wetter World, Michael K. Mcshane, Juita-Elena (Wie) Yusuf

Finance Faculty Publications

Flood is the most frequent and costly of U.S. natural disasters with losses expected to increase due to climate change. The National Flood Insurance Program (NFIP) mandates flood insurance purchase for properties with federally backed mortgages in the 100-year floodplain. We propose that mandatory flood insurance purchase be extended to all property in the 500-year floodplain. Following flood events, payments would be directly provided for more properties that suffer flood loss, reducing federal disaster aid spending. The mandate could put more pressure on local governments to increase their Community Rating System score, such as through infrastructure investments and management ...


Could Flood Insurance Be Privatised In The United States? A Primer, Erwann Michel-Kerjan, Jeffrey Czajkowski, Howard Kunreuther Apr 2015

Could Flood Insurance Be Privatised In The United States? A Primer, Erwann Michel-Kerjan, Jeffrey Czajkowski, Howard Kunreuther

Finance Papers

Since 1968, homeowners’ flood insurance in the United States has been mainly provided through the federally-run National Flood Insurance Program (NFIP). The Flood Insurance Reform Act of 2012 raises the possibility of moving coverage to the private sector, assuming the market can price this risk effectively and that premiums reflect risk. This paper provides the first large-scale quantification of risk-based premiums for over 300,000 residences prone to either storm surge or inland flooding using commercially developed probabilistic catastrophe models, and compares these premiums with those currently charged by the NFIP. Our findings reveal significant differences between the two. In ...


Report On Collaboration Of Dr. Diane Horn With Dr. Michael Mcshane As Part Of The Climate Change And Sea Level Rise Initiative, Diane Horn, Michael K. Mcshane Jan 2013

Report On Collaboration Of Dr. Diane Horn With Dr. Michael Mcshane As Part Of The Climate Change And Sea Level Rise Initiative, Diane Horn, Michael K. Mcshane

CCSLRI Reports

No abstract provided.


Flood Insurance Study, Federal Emergency Management Agency Nov 1995

Flood Insurance Study, Federal Emergency Management Agency

All U.S. Government Documents (Utah Regional Depository)

No abstract provided.


Flood Insurance Study, City Of Morgan City, Utah, Morgan County Jul 1987

Flood Insurance Study, City Of Morgan City, Utah, Morgan County

All U.S. Government Documents (Utah Regional Depository)

This Flood Insurance Study investigates the existence and severity of flood hazards in Morgan City, Morgan County, Utah and aids in the administration of the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973. This study has developed flood risk data for various areas of the community that will be used to establish actuarial flood insurance rates and assist the community in its efforts to promote sound floodplain management. Minimum floodplain management requirements for participation in the National Flood Insurance Program (NFIP) are set forth in the Code of Federal Regulations at 44 CFR, 60 ...


Flood Insurance Study, City Of Cedar City, Utah, Iron County Apr 1984

Flood Insurance Study, City Of Cedar City, Utah, Iron County

All U.S. Government Documents (Utah Regional Depository)

This Flood Insurance Study investigates the existence and severity of flood hazards in the City of Cedar City, Iron County, Utah, and aids in the administration of the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973. This study will be used to convert Cedar City to the regular program of flood insurance by the Federal Emergency Management Agency (FEMA). Local and regional planners will use this study in their efforts to promote sound flood plain management.


Flood Insurance Study, City Of Layton, Utah, Davis County Oct 1982

Flood Insurance Study, City Of Layton, Utah, Davis County

All U.S. Government Documents (Utah Regional Depository)

This Flood Insurance Study investigates the existence and severity of flood hazards in the City of Layton, Davis County, Utah, and aids in the administration of the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973. This study will be used to convert Layton to the regular program of flood insurance by the Federal Emergency Management Agency. Local and regional planners will use this study in their efforts to promote sound flood plain management.