It is generally accepted that flood risk has been increasing in Europe in the last decades. Accordingly, it becomes a priority to better understand its drivers and mechanisms. Flood risk is evaluated on the basis of three factors: hazard, exposure and vulnerability. If one of these factors...

In the U.S., flood insurance is provided essentially through the National Flood Insurance Program (NFIP), a public-private program established in 1968. In the past 10 years, the program has radically expanded to cover $1.1 trillion in assets today. This paper provides a detailed analysis of the...