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Factors Affecting Community Rating System Participation In The National Flood Insurance Program: A Case Study Of Texas, Ryan David Eddings

Dissertations and Theses

Since the 1960s, the frequency and cost of floods have, on average, increased in the United States. Concurrent with this increase in flood losses has been an increase in flood insurance claims paid out by the National Flood Insurance Program (NFIP). The existing literature shows that participation in the NFIP's Community Rating System (CRS) program successfully lowered flood losses and NFIP insurance claims in the participating communities. In spite of these successes, community participation in the CRS is low and the NFIP is currently more than $20 billion in debt. By identifying factors predicting participation and related barriers to entry …