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The high and increasing cost of natural disasters around the world motivates a growing body of literature on the role of natural disaster insurance in adapting to climate change. This chapter reviews current challenges in both public and private natural disaster insurance markets in the United...
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Congress’ reforms of the National Flood Insurance Program (NFIP) in 2014 continued its misguided approach to flood … insurance policy, ignoring the increased risks of floods posed by climate change and giving generous subsidies to flood … recommendations for steps Congress should take when it revisits the program in 2017. The NFIP has encouraged retention of older flood …
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providing home-specific flood risk information on the behavior of home buyers in terms of their search, bidding, and purchasing … decisions. Redfin randomly assigned 17.5 million users to receive information detailing the flood risk associated with the … properties they searched for on the platform. Our analysis reveals several key findings: (1) the flood risk information …
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