Insuring natural disasters is a costly business, for both governments and policy holders. RFF experts are examining ways to make the US National Flood Insurance Program and other insurance options more affordable, ultimately increasing insurance uptake rates and policy coverage.
Flood Risk Perceptions and Insurance Choice: Do Decisions in the Floodplain Reflect Overoptimism?
In the presence of rare disasters, risk perceptions may not always align with actual risks. These perceptions can nevertheless influence an individual's willingness to mitigate risks through activities such as purchasing flood insurance
Fixing Flood Insurance
Defining the Roles of the Public and Private Sector in Risk Communication, Risk Reduction, and Risk Transfer
This paper discusses the challenges of insuring against flood, earthquake, and terrorism losses, and suggests ways to improve public–private partnerships for disaster financing in three interrelated areas: risk communication, reduction, and transfer.