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The National Flood Insurance Program (NFIP) encompasses issues of risk transparency and fairness. There is general agreement that floodplain residents need to know their risk-based insurance premium-and with that information, how to make their homes safer and thus make flood insurance more affordable. In this B-School Seminar, Professor Howard Kunreuther focused on the importance of accurate mapping of flood risk, how to encourage investment in cost effective mitigation measures, and ways to deal with fairness and affordability in designing a flood insurance program for the future.
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Behavioral Economics | Economic Policy | Environmental Indicators and Impact Assessment | Natural Resource Economics | Natural Resources Management and Policy | Other Public Affairs, Public Policy and Public Administration | Policy Design, Analysis, and Evaluation | Public Policy | Regional Economics
flood insurance, risk, national flood insurance program, NFIP, climate change, Biggert-Waters Flood Insurance Reform Act, Homeowner Flood Insurance Affordability Act
Behavioral Economics Commons, Economic Policy Commons, Environmental Indicators and Impact Assessment Commons, Natural Resource Economics Commons, Natural Resources Management and Policy Commons, Other Public Affairs, Public Policy and Public Administration Commons, Policy Design, Analysis, and Evaluation Commons, Public Policy Commons, Regional Economics Commons