In this paper, we estimate the demand for homeowner insurance in Florida. Since we are interested in a number of factors influencing demand, we approach the problem from two directions. We first estimate two hedonic equations representing the premium per contract and the price mark-up. We...

In this paper, we examine the options, challenges, and potential pitfalls in expanding the role of the private sector in providing flood insurance in the United States. This topic that has garnered considerable interest given the problems facing the National Flood Insurance Program (NFIP). There...

In this paper, we evaluate state regulation of insurance markets subject to catastrophe risk and, more specifically, homeowners insurance and commercial property insurance. When insurers suffer substantial losses following a catastrophic event, pressures on property insurance markets can...