Community-level flood mitigation effects on household-level flood insurance and damage claims payments

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dc.creatorFrimpong, Eugene
dc.creatorPetrolia, Daniel
dc.creatorHarri, Ardian
dc.date2017-04-01T20:06:28Z
dc.date.accessioned2026-07-09T11:14:36Z
dc.descriptionThe Community Rating System (CRS) was introduced to encourage community-level flood mitigation and increase household-level National Flood Insurance Program (NFIP) participation. It is not clear, however, if and to what extent community participation in the CRS increases household participation in the NFIP and decreases damage claims payments. We employ genetic matching methods and estimate fixed-effects and Mundlak-style panel regression models that control for key geospatial, socioeconomic, and time effects to isolate the CRS treatment effect on these outcomes. Results show a positive and significant effect of CRS participation on NFIP participation, whereas significant effects on damage claims payments are limited.
dc.identifierdoi:10.22004/ag.econ.254075
dc.identifierhttps://ageconsearch.umn.edu/record/254075/files/Manuscript_March%202017_WP.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/254075
dc.identifier.urihttp://hdl.handle.net/123456789/626002
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/254075
dc.titleCommunity-level flood mitigation effects on household-level flood insurance and damage claims payments
dc.typeText

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University of Minnesota