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Managing Subsidence


  • Cassandra R. Cole
  • Patrick F. Maroney
  • Kathleen A. McCullough


The issue of subsidence is important in many parts of the country. Whether caused by mines collapsing, oil pumping, or weather, property owners are faced with how to finance these losses, which are not typically covered in standard property policies. Several states have devised funding mechanisms such as reinsurance facilities and organizations specifically designed to provide subsidence insurance in an effort to offer property owners some protection against certain types of subsidence losses. This paper explores the various causes of subsidence and discusses some of the solutions states are currently employing. The paper also investigates the appropriateness of extending the funding mechanisms for mine subsidence to other subsidence related perils such as sinkholes.

Suggested Citation

  • Cassandra R. Cole & Patrick F. Maroney & Kathleen A. McCullough, 2004. "Managing Subsidence," Journal of Insurance Issues, Western Risk and Insurance Association, vol. 27(1), pages 1-21.
  • Handle: RePEc:wri:journl:v:27:y:2004:i:1:p:1-21

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