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Hochwasservorsorge zwischen Staatshilfen und privater Versicherung

Author

Listed:
  • Daniel Osberghaus
  • Tim Mennel

Abstract

The recent flood events in Germany have demonstrated that the nation’s current system of private flood insurance is suboptimal. The article provides novel nationwide survey data on stated flood insurance penetration (suggesting that many households overestimate their own insurance coverage), damage compensation expectations (a significant share of the population expects governmental relief payments), and on the dissemination of private flood mitigation measures. Taking into account fundamental economic considerations and the empirical insights, the authors propose a limited compulsory insurance, covering only the most basic risks and leaving incentives for further private insurance and precaution. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2014

Suggested Citation

  • Daniel Osberghaus & Tim Mennel, 2014. "Hochwasservorsorge zwischen Staatshilfen und privater Versicherung," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 94(8), pages 583-587, August.
    • Handle: RePEc:spr:wirtsc:v:94:y:2014:i:8:p:583-587
    DOI: 10.1007/s10273-014-1718-2
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    More about this item

    Keywords

    D01; G22; Q54;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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