Kousky, Carolyn; Shabman, Leonard - 2014
Flood insurance in the United States is offered through the federal National Flood Insurance Program (NFIP). After … explain NFIP pricing in the context of actuarial pricing principles, clarify why some polices are priced below what is … considered to be the full risk rate, and explain how and, more importantly, why NFIP pricing practices differ from the private …