|
|
|
|
||||
|
||||
Improving Flood Insurance and Flood Risk Management: Insights from St. Louis, MissouriCarolyn KouskyResources for the Future Howard KunreutherUniversity of Pennsylvania - The Wharton School - Center for Risk Management; National Bureau of Economic Research (NBER); University of Pennsylvania - Operations & Information Management Department March 3, 2009 RFF Discussion Paper No. 09-07 Abstract: This paper examines the history of St. Louis, Missouri in coping with flood risk over the past 15 years, with a focus on flood insurance. Six challenges to the continued management of riverine flood risk are identified and discussed. They are (1) many property owners don't buy flood insurance, (2) people underestimate flood risk, (3) we need better flood maps, (4) we have a "love affair" with levees, (5) flood risk is increasing over time, and (6) we take deep pride in rebuilding after a disaster. Recommendations for how to improve flood risk management in light of these challenges are offered. Focused attention is given to the possibility of long-term flood insurance contracts tied to long-term loans for risk-mitigating activities in overcoming the six challenges.
Number of Pages in PDF File: 38 Keywords: disaster insurance, National Flood Insurance Program, risk, floods JEL Classification: Q54, G22 working papers seriesDate posted: March 6, 2009 ; Last revised: May 8, 2012Suggested CitationContact Information
|
|
||||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo6 in 0.485 seconds
