Come Rain or Shine: Evidence on Flood Insurance Purchases in Florida
Erwann O. Michel‐Kerjan and
Authors registered in the RePEc Author Service: Erwann Michel-Kerjan ()
Journal of Risk & Insurance, 2010, vol. 77, issue 2, 369-397
This article provides a detailed analysis of the operation of the National Flood Insurance Program (NFIP) in Florida, which accounts for 40 percent of the NFIP portfolio. We study the demand for flood insurance with a data set of more than 7.5 million NFIP policies‐in‐force (the largest ever studied) for the years 2000–2005, as well as all NFIP claims filed in Florida. We answer four questions: What are the characteristics of the buyers of flood insurance? What types of contracts (deductibles and coverage levels) are purchased? What are the determinants of claims payments? How are prices determined and how much does NFIP insurance cost?
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (53) Track citations by RSS feed
Downloads: (external link)
Working Paper: Come Rain or Shine: Evidence on Flood Insurance Purchases in Florida (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:jrinsu:v:77:y:2010:i:2:p:369-397
Ordering information: This journal article can be ordered from
Access Statistics for this article
Journal of Risk & Insurance is currently edited by Keith Crocker
More articles in Journal of Risk & Insurance from The American Risk and Insurance Association Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().