Comments on: NFIP revamp moving through the grinder http://cstpr.colorado.edu/prometheus/?p=4414 Wed, 29 Jul 2009 22:36:51 -0600 http://wordpress.org/?v=2.9.1 hourly 1 By: lmbouwer http://cstpr.colorado.edu/prometheus/?p=4414&cpage=1#comment-9956 lmbouwer Wed, 14 May 2008 18:46:16 +0000 http://sciencepolicy.colorado.edu/prometheusreborn/?p=4414#comment-9956 This is very interesting news. I have been working on a review of European flood insurance schemes, and it appears that actuarially-sound premium setting is very rare, if not absent in flood insurance. This will greatly inhibit incentives to reduce risk, or avoid development in flood risk areas. See some prelimnary results here: http://www.2007amsterdamconference.org/Downloads/AC2007_Bouwer.pdf Improved flood plain mapping in the US seems a good start though. Sorry for providing a non-controverial response as well ;-) Laurens This is very interesting news.

I have been working on a review of European flood insurance schemes, and it appears that actuarially-sound premium setting is very rare, if not absent in flood insurance. This will greatly inhibit incentives to reduce risk, or avoid development in flood risk areas.

See some prelimnary results here: http://www.2007amsterdamconference.org/Downloads/AC2007_Bouwer.pdf

Improved flood plain mapping in the US seems a good start though.

Sorry for providing a non-controverial response as well ;-)

Laurens

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