Economics of Index-based Flood Insurance (IBFI) PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Economics of Index-based Flood Insurance (IBFI) PDF full book. Access full book title Economics of Index-based Flood Insurance (IBFI) by Malik, Ravinder Paul Singh. Download full books in PDF and EPUB format.
Author: Amarnath, Giriraj Publisher: International Water Management Institute (IWMI). ISBN: 9290909196 Category : Technology & Engineering Languages : en Pages : 72
Book Description
Research Reports The publications in this series cover a wide range of subjects—from computer modelling to experience with water user associations—and vary in content from directly applicable research to more basic studies, on which applied for work ultimately depends. Some research reports are narrowly focused, analytical and detailed empirical studies; others are wide-ranging and synthetic overviews of generic problems. Although most of the reports are published by IWMI staff and their collaborators, we welcome contributions from others. Each report is reviewed internally by IWMI staff, and by external reviewers. The reports are published and distributed both in hard copy and electronically (www.iwmi.org) and where possible all data and analyses will be available as separate downloadable files. Reports may be copied freely and cited with due acknowledgement
Author: James P. Howard, II Publisher: Springer ISBN: 3319290630 Category : Political Science Languages : en Pages : 134
Book Description
This Brief presents a benefit-cost analysis of the National Flood Insurance Program (NFIP) as well as an evaluation of its cumulative socioeconomic effects. Created by Congress in 1968, the NFIP provides flood insurance protection to property owners, in return for local government commitment to sound floodplain management. Since 1994, the NFIP has included a Flood Mitigation Assistance (FMA) program to provide local communities with support for flood mitigation. This book offers quantitative evidence of the net social benefit of the NFIP for the years 1996-2010, including an independent assessment of the consumer benefit. Second, it provides distributionally weighted analysis to show the socioeconomic effects of payments and claims. Finally, this Brief includes an analysis of the change in government revenue attributable to the NFIP and FMA programs. The models used in each component of the analysis are usable by others for extending and revising the analysis. Providing a comprehensive analysis of this increasingly important federal policy, this Brief will be of use to students of environmental economics and public policy as well as those interested in risk management in the era of climate change.
Author: National Academies of Sciences, Engineering, and Medicine Publisher: National Academies Press ISBN: 0309374715 Category : Social Science Languages : en Pages : 141
Book Description
River and coastal floods are among the nation's most costly natural disasters. One component in the nation's approach to managing flood risk is availability of flood insurance policies, which are offered on an individual basis primarily through the National Flood Insurance Program (NFIP). Established in 1968, the NFIP is overseen by the Federal Emergency Management Agency (FEMA) and there are about 5.4 million individual policies in the NFIP. The program has experienced a mixture of successes and persistent challenges. Successes include a large number of policy holders, the insurance of approximately $1.3 trillion of property, and the fact that the large majority of policy holders - 80% - pay rates that are risk based. NFIP challenges include large program debt, relatively low rates of purchase in many flood-prone areas, a host of issues regarding affordability of premiums, ensuring that premiums collected cover payouts and administrative fees, and a large number of properties that experience severe repetitive flood losses. At the request of FEMA, A Community-Based Flood Insurance Option identifies a range of key issues and questions that would merit consideration and further analysis as part of a community-based flood insurance program. As the report describes, the community-based option certainly offers potential benefits, such as the prospect of providing coverage for all (or nearly all) at-risk residents and properties in flood-prone communities. At the same time, many current challenges facing the NFIP may not necessarily be resolved by a community-based approach. This report discusses these and other prominent issues to be considered and further assessed.
Author: Martin Achtnicht Publisher: ISBN: Category : Languages : en Pages :
Book Description
Flood insurance helps to cope with the risk of flooding, but take-up rates are relatively low. Insurance density could rise if index-based insurance (IBI) were provided as an alternative to traditional damage-based insurance (DBI). We analyze whether there is potential for private demand for IBI in Germany. We use data from a discrete choice experiment combined with damage data for a major flood in 2013. We find IBI to attract similar customers as DBI, while DBI is preferred on average. Our results suggest that not many new customers would enter the market, once IBI were available.
Author: Seo, S. N. Publisher: Edward Elgar Publishing ISBN: 180088074X Category : Business & Economics Languages : en Pages : 457
Book Description
Situating a comprehensive microbehavioral analysis of the economics of climate change within a discussion of the most pressing global climate change issues and policy negotiations, the Handbook of Behavioral Economics and Climate Change is a timely collection of new research on the behaviors of economic agents that are essential to an exposition of climate change economics and policy making.