Flood and Homeowners Insurance: Considerations for Expanding the Role of Private Insurers


Ella Grace Irwin (Editor)

Series: Natural Disaster Research, Prediction and Mitigation
BISAC: BUS033080

According to stakeholders with whom the United States Government Accountability office spoke, several conditions must be present to increase private sector involvement in the sale of flood insurance. First, insurers need to be able to accurately assess risk to determine premium rates. Second, insurers need to be able to charge premium rates that reflect the full estimated risk of potential flood losses while still allowing the companies to make a profit, as well as be able to decide which applicants they will insure.

However, stakeholders said that such rates might seem unaffordable to many homeowners. Third, insurers need sufficient consumer participation to properly manage and diversify their risk, but stakeholders said that many property owners do not buy flood insurance because they may have an inaccurate perception of their risk of flooding. This book addresses the conditions needed for private sector involvement in flood insurance and strategies for increasing private sector involvement. (Imprint: Novinka )

Table of Contents

Table of Contents


Chapter 1 – Flood Insurance: Strategies for Increasing Private Sector Involvement (pp. 1-28)
United States Government Accountability Office

Chapter 2 – Homeowners Insurance: Multiple Challenges Make Expanding Private Coverage Difficult (pp. 29-66)
United States Government Accountability Office


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