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Evaluation of the Financial Impact of Flood Management on Residential Losses

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  • Sarmiento, Camilo
  • Miller, Ted E.

Abstract

The purpose of this paper is to examine the impacts that the National Flood Insurance Program (NFIP) has had on the costs of flooding and on their distribution among payers. This study thus probes the NFIP's financial impact, the centerpiece question about program effectiveness. For the analysis, this paper models the institutional and economic framework of flood relief compensation into the HAZUS-flood model, and calculates the NFIP impact on the distribution of payers for flood losses in special flood hazard areas.

Suggested Citation

  • Sarmiento, Camilo & Miller, Ted E., 2005. "Evaluation of the Financial Impact of Flood Management on Residential Losses," 2005 Annual meeting, July 24-27, Providence, RI 19185, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19185
    DOI: 10.22004/ag.econ.19185
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    File URL: https://ageconsearch.umn.edu/record/19185/files/sp05sa04.pdf
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    References listed on IDEAS

    as
    1. Kunreuther, Howard, 1996. "Mitigating Disaster Losses through Insurance," Journal of Risk and Uncertainty, Springer, vol. 12(2-3), pages 171-187, May.
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    Cited by:

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