The National Flood Insurance Program’s Market Penetration Rate

By L. Dixon, Noreen Clancy, S. Seabury, Adrian Overton. 2006

193 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Global and Planetary Change, Water Science and Technology

View Paper: https://www.semanticscholar.org/paper/fec0e582248a7b7d2eaab1cf3ebd73791f27db41

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In Economics and Econometrics

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In Water Science and Technology

Carolyn Kousky

Citations in the corpus

Financing Flood Losses: A Discussion of the National Flood Insurance Program (2017, unknown): “An analysis by RAND Corporation a decade ago found that take-up rates in SFHAs in the South and West were around 60 percent and were lowest in the Midwest, at 20 to 30 percent (Dixon et al. 2006).”
What drives households to buy flood insurance? New evidence from Georgia (2015, background): “This result supports the finding by Dixon et al. (2006) that the probability of purchasing insurance is substantially higher in communities subject to coastal flooding than in communities”
Examining Flood Insurance Claims in the United States: Six Key Findings (2017, unknown): “Some research was commissioned by the U.S. government, even before Hurricane Katrina hit, to examine insurance take-up rates in the program and the NFIP’s impact on development (e.g., Blais et al., 2006; Dixon et al., 2006; Galloway et al., 2006).”
Risk Preferences, Risk Perceptions, and Flood Insurance (2013, unknown): “Dixon et al. (2006) estimate that around 49% of residential properties in the SFHA held NFIP insurance, with an additional 2% to 3% of households holding private flood insurance, in 2004.”
Learning from Extreme Events: Risk Perceptions after the Flood (2010, background): “In the Midwest, take-up rates in 100-year floodplains have been estimated at around 20% (Dixon et al. 2006).”
Come Rain or Shine: Evidence on Flood Insurance Purchases in Florida (2010, unknown): “…and sanctions on lenders were tightened in 1994.7 As discussed in the introduction, however, it is difficult to determine how well these regulations are working because of a lack of nationwide data on the number of properties in 100- year floodplains (Kriesel and Landry, 2004; Dixon et al., 2006).”
Addressing Affordability in the National Flood Insurance Program (2014, background): “…or regulated lender is required to purchase flood insurance for the life of the loan, but several data sources suggest that compliance with this requirement is not universally enforced and that compliance varies around the country (e.g., Kriesel and Landry 2004; Dixon et al. 2006; Kousky 2011).”
Flood Insurance Coverage in the Coastal Zone (2011, unknown): “National data gathered by Dixon et al. (2006) support the finding that market penetration rates are not sensitive to price, and further suggest that penetration is significantly higher in special flood hazard areas (SFHA — also known as A-zone)9 and higher for communities with a larger number of…”
US billion-dollar weather and climate disasters: data sources, trends, accuracy and biases (2013, unknown): “Research by Dixon et al. (2006) found that the NFIP participation is 16% in communities with 500 or fewer homes in the SFHA, 56% in communities with 501 to 5,000 homes in the SFHA, and 66% in communities with > 5,000 homes in the SFHA zone.”
Quantifying uncertainty and variable sensitivity within the US billion-dollar weather and climate disaster cost estimates (2015, background): “…for all households There is also a spatial bias in flood insurance policy coverage as NFIP participation is 16% in communities with 500 or fewer homes in the SFHA, 56% in communities with 501 to 5,000 homes in the SFHA, and 66% in communities with > 5,000 homes in the SFHA zone (Dixon et al. 2006).”