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The Demand for Flood Insurance: Empirical Evidence

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Author Info
 Browne, Mark J
Hoyt, Robert E
Abstract

Flood damages that occur worldwide remain largely uninsured losses despite the efforts of governmental programs that in many cases make insurance available at below fair market cost. The current study focuses on the financial experience of the United States' National Flood Insurance Program (NFIP) from 1983 through 1993 to examine the hypothetical determinants of the flood insurance purchasing decision. The empirical analysis supports the hypotheses that income and price are influential factors in one's decision to purchase flood insurance. Flood insurance purchases at the state level are found to be highly correlated with the level of flood losses in the state during the prior year. Copyright 2000 by Kluwer Academic Publishers

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Publisher Info
Article provided by Springer in its journal Journal of Risk and Uncertainty.

Volume (Year): 20 (2000)
Issue (Month): 3 (May)
Pages: 291-306
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:jrisku:v:20:y:2000:i:3:p:291-306

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  1. Klimaszewski-Blettner, Barbara & Richter, Andreas, 2007. "Public-Private-Partnerships," Discussion Papers in Business Administration 2026, University of Munich, Munich School of Management. [Downloadable!]
  2. Landry, Craig E. & Jahan-Parvar, Mohammad R., 2008. "Flood Insurance Coverage in the Coastal Zone," MPRA Paper 15498, University Library of Munich, Germany. [Downloadable!]
  3. Donald O. Parsons & Torben Tranæs & Helene Bie Lilleør, 1999. "Voluntary Public Unemployment Insurance," EPRU Working Paper Series 03-05, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics, revised Jun 2003. [Downloadable!]
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  4. Michèle Cohen & Johanna Etner & Meglena Jeleva, 2008. "Dynamic Decision Making when Risk Perception Depends on Past Experience," Theory and Decision, Springer, vol. 64(2), pages 173-192, March. [Downloadable!] (restricted)
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  5. Paul A. Raschky & Hannelore Weck-Hannemann, . "Who is going to save us now? Bureaucrats, Politicians and Risky Tasks," Working Papers 2007-29, Faculty of Economics and Statistics, University of Innsbruck. [Downloadable!]
  6. Paul A. Raschky & Manijeh Schwindt, . "Aid, Catastrophes and the Samaritan's Dilemma," Working Papers 2008-06, Faculty of Economics and Statistics, University of Innsbruck. [Downloadable!]
  7. Nathalie de Marcellis-Warin & Erwann Michel-Kerjan, 2001. "The Public-Private Sector Risk-Sharing in the French Insurance "Cat. Nat. System"," CIRANO Working Papers 2001s-60, CIRANO. [Downloadable!]
  8. Sarmiento, Camilo & Miller, Ted R., 2006. "Inequities in Flood Management Protection Outcomes," 2006 Annual meeting, July 23-26, Long Beach, CA 21042, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  9. Marielle Brunette & Stephane Couture, 2007. "Effects of Public Compensation for Disaster Damages on Private Insurance and Forest Management Decisions," Working Papers - Cahiers du LEF 2007-06, Laboratoire d'Economie Forestiere, AgroParisTech-INRA. [Downloadable!]
  10. Erwann Michel-Kerjan & Carolyn Kousky, 2009. "Come Rain or Shine: Evidence on Flood Insurance Purchases in Florida," Working Papers hal-00372387_v1, HAL. [Downloadable!]
  11. Pierre Picard, 2005. "Natural disaster insurance and the equity-efficiency trade-off," Working Papers hal-00243028_v1, HAL. [Downloadable!]
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