EconPapers    
Economics at your fingertips  
 

Come Rain or Shine: Evidence on Flood Insurance Purchases in Florida

Erwann O. Michel‐Kerjan and Carolyn Kousky
Authors registered in the RePEc Author Service: Erwann Michel-Kerjan ()

Journal of Risk & Insurance, 2010, vol. 77, issue 2, 369-397

Abstract: 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?

Date: 2010
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)
https://doi.org/10.1111/j.1539-6975.2009.01349.x

Related works:
Working Paper: Come Rain or Shine: Evidence on Flood Insurance Purchases in Florida (2009) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

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
http://www.wiley.com/bw/subs.asp?ref=0022-4367

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 ().

 
Page updated 2019-08-20
Handle: RePEc:bla:jrinsu:v:77:y:2010:i:2:p:369-397