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minimum level of flood insurance penetration, and the resulting increment in total premiums required to achieve this objective … investigates the extra premiums needed to close the flood protection gap by requiring all EU countries to reach a minimum level of … insurance protection. Third, the paper proposes a stylised approach to quantify economic losses associated with uninsured flood …
Persistent link: https://www.econbiz.de/10014465253
We present a theory of the demand for flood insurance and empirically analyze the effects of the adoption of Risk … the flood zone and its periphery. The reform had highly heterogeneous effects on insurance costs and triggered adjustments … in coverage and deductibles. On average, RR2 increased costs for renewers outside of the flood zone but lowered them for …
Persistent link: https://www.econbiz.de/10014535316
Many studies have investigated flood risk and insurance coverage in the 100-year flood zone, but much less is known … about the periphery of the flood zone. We present a new approach to estimate flood risk and insurance take-up in the … vicinity of the flood zone based on building-level inundation data. We illustrate our approach using data for New York after …
Persistent link: https://www.econbiz.de/10014514620
of climate change manifest. We study how the cost of hedging disaster risk changes home prices by utilizing a 2012 law … that mandated flood insurance premium increases for properties discontinuously around flood zone boundaries and based on … the timing of construction. With a triple-difference design, we estimate that a $1 increase in annual flood insurance …
Persistent link: https://www.econbiz.de/10014236806
The impact of exposure to a major unanticipated natural disaster on the evolution of survivors' attitudes toward risk … assume greater financial risk in the short-term while rebuilding their lives after the disaster …
Persistent link: https://www.econbiz.de/10014250120
This paper proposes an application of the analytical path assembled within my PhD research on Disaster Risk Creation … (DRC) in humanitarian contexts, to Flood Risk Management (FRM) planning in Italy. The investigation concerns some key … challenges, for spatial planning and disaster risk management, in understanding, evaluating, and addressing Disaster Risk (DR …
Persistent link: https://www.econbiz.de/10013488591
Exploiting the exogenous nature of flood timings in the United States, we study how floods influence outflow and inflow … information nudge. We further find that this replacement effect causes a depression in housing prices in affected areas post-flood …
Persistent link: https://www.econbiz.de/10014262147
Little is known about how affected residents are able to cope with the financial shock of a natural disaster. We … larger reductions in total debt. Lower debt levels appear to be driven by homeowners using flood insurance to repay their …
Persistent link: https://www.econbiz.de/10013030679
This paper investigates the relationship between extreme weather conditions and the risk of flooding-induced harvest failure in Nigerian agriculture using a probit model. I use household-level survey and gridded weather data to exploit weather variation across time and space. Risk of harvest...
Persistent link: https://www.econbiz.de/10015053813
There is substantial evidence on the effectiveness of short-time work on reducing unemployment. However, no study looks at its role during natural disasters. This article exploits the exogenous nature of the 2013 European floods to assess if the impact depends on the quality of the short-time...
Persistent link: https://www.econbiz.de/10012308884