Wharton PPI B-School for Public Policy Seminar Summaries

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Seminar Date

Summer 6-23-2017

Publication Date

Summer 9-23-2019

Summary

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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This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by-nc/4.0/ or send a letter to Creative Commons, PO Box 1866, Mountain View, CA 94042, USA.

Disciplines

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

Keywords

flood insurance, risk, national flood insurance program, NFIP, climate change, Biggert-Waters Flood Insurance Reform Act, Homeowner Flood Insurance Affordability Act

Summary: Insuring High Risks Fairly, Protecting Individuals Against Flood Losses

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