Flood & Homeowners Insurance: Considerations for Expanding the Role of Private Insurers by Ella Grace Irwin (Paperback, 2014)

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About this product

Product Information

According to stakeholders with whom the United States Government Accountability office spoke, several conditions must be present to increase private sector involvement in the sale of flood insurance. First, insurers need to be able to accurately assess risk to determine premium rates. Second, insurers need to be able to charge premium rates that reflect the full estimated risk of potential flood losses while still allowing the companies to make a profit, as well as be able to decide which applicants they will insure. However, stakeholders said that such rates might seem unaffordable to many homeowners. Third, insurers need sufficient consumer participation to properly manage and diversify their risk, but stakeholders said that many property owners do not buy flood insurance because they may have an inaccurate perception of their risk of flooding. This book addresses the conditions needed for private sector involvement in flood insurance and strategies for increasing private sector involvement.

Product Identifiers

PublisherNOVA Science Publishers INC International Concepts
ISBN-139781631178887
eBay Product ID (ePID)213101795

Product Key Features

Number of Pages71 Pages
LanguageEnglish
Publication NameFlood & Homeowners Insurance: Considerations for Expanding the Role of Private Insurers
Publication Year2014
SubjectFinance
TypeTextbook
AuthorElla Grace Irwin
FormatPaperback

Dimensions

Item Height230 mm
Item Weight142 g
Item Width155 mm

Additional Product Features

EditorElla Grace Irwin
Country/Region of ManufactureUnited States
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