Convective Storm Vulnerability: Quantifying the Role of Effective and Well-Enforced Building Codes in Minimizing Missouri Hail Property Damage

Jeffrey Czajkowski and Kevin M. Simmons

Land Economics, 2014, vol. 90, issue 3

Abstract: Implementing strong building codes is touted as a way to reduce natural disaster property damages. However, at the local level not all jurisdictions adopt equally stringent codes nor properly enforce their codes once they have been adopted. We empirically test whether zip code jurisdictions with effective and well-enforced building codes demonstrate better loss experience from the occurrence of a hail storm than those without. We model Missouri hail claim insurance data from 2008 to 2010. Our results consistently indicate that more favorable building codes do in fact matter in reducing hail damage on the order of 10% to 20%.

JEL-codes: Q54 Q58 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://le.uwpress.org/cgi/reprint/90/3/482
A subscription is required to access pdf files. Pay per article is available.

Related works:
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:uwp:landec:v:90:y:2014:iii:1:p:482-508

Access Statistics for this article

More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().