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

<p>The Community Rating System (CRS) was introduced to encourage flood mitigation and increase National Flood Insurance Program (NFIP) participation via premium discounts. It is not clear, however, how additional mitigation and premium discounts affect NFIP participation and damage claims paym...

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Main Author:	Frimpong, Eugene
Other Authors:	Daniel R. Petrolia
Format:	Others
Language:	en
Published:	MSSTATE 2016
Subjects:	Agricultural Economics
Online Access:	http://sun.library.msstate.edu/ETD-db/theses/available/etd-06242016-124520/

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spelling	ndltd-MSSTATE-oai-library.msstate.edu-etd-06242016-1245202019-05-15T18:43:59Z Community-level flood mitigation effects on household-level flood insurance and damage claims Frimpong, Eugene Agricultural Economics <p>The Community Rating System (CRS) was introduced to encourage flood mitigation and increase National Flood Insurance Program (NFIP) participation via premium discounts. It is not clear, however, how additional mitigation and premium discounts affect NFIP participation and damage claims payments.</p> <p>We employ matching methods and log-linear regression framework to estimate the impact of CRS participation (versus non-participation) on outcomes. We also analyze the effect of individual CRS mitigation activities on outcomes. We do so while controlling for key geospatial, socioeconomic, and time effects.</p> <p>Results show a positive and significant effect of CRS participation on NFIP participation, but no significant effect on damage claims payments. Outreach and flood data maintenance activities have positive effect on NFIP participation while floodplain mapping and flood protection have negative effect. Flood protection information and storm water management have negative effect on damage claims payments while floodplain management planning and acquisition and relocation have positive effect.</p> Daniel R. Petrolia Ardian Harri Keith H. Coble MSSTATE 2016-07-22 text application/pdf http://sun.library.msstate.edu/ETD-db/theses/available/etd-06242016-124520/ http://sun.library.msstate.edu/ETD-db/theses/available/etd-06242016-124520/ en unrestricted I hereby certify that, if appropriate, I have obtained and attached hereto a written permission statement from the owner(s) of each third party copyrighted matter to be included in my thesis, Dissertation, or project report, allowing distribution as specified below. I certify that the version I submitted is the same as that approved by my advisory committee. I hereby grant to Mississippi State University Libraries or its agents the non-exclusive license to archive and make accessible, under the conditions specified below, my thesis, Dissertation, or project report in whole or in part in all forms of media, now or hereafter known. I retain all other ownership rights to the copyright of the thesis, Dissertation or project report. I also retain the right to use in future works (such as articles or books) all or part of this thesis, Dissertation, or project report.
collection	NDLTD
language	en
format	Others
sources	NDLTD
topic	Agricultural Economics
spellingShingle	Agricultural Economics Frimpong, Eugene Community-level flood mitigation effects on household-level flood insurance and damage claims
description	<p>The Community Rating System (CRS) was introduced to encourage flood mitigation and increase National Flood Insurance Program (NFIP) participation via premium discounts. It is not clear, however, how additional mitigation and premium discounts affect NFIP participation and damage claims payments.</p> <p>We employ matching methods and log-linear regression framework to estimate the impact of CRS participation (versus non-participation) on outcomes. We also analyze the effect of individual CRS mitigation activities on outcomes. We do so while controlling for key geospatial, socioeconomic, and time effects.</p> <p>Results show a positive and significant effect of CRS participation on NFIP participation, but no significant effect on damage claims payments. Outreach and flood data maintenance activities have positive effect on NFIP participation while floodplain mapping and flood protection have negative effect. Flood protection information and storm water management have negative effect on damage claims payments while floodplain management planning and acquisition and relocation have positive effect.</p>
author2	Daniel R. Petrolia
author_facet	Daniel R. Petrolia Frimpong, Eugene
author	Frimpong, Eugene
author_sort	Frimpong, Eugene
title	Community-level flood mitigation effects on household-level flood insurance and damage claims
title_short	Community-level flood mitigation effects on household-level flood insurance and damage claims
title_full	Community-level flood mitigation effects on household-level flood insurance and damage claims
title_fullStr	Community-level flood mitigation effects on household-level flood insurance and damage claims
title_full_unstemmed	Community-level flood mitigation effects on household-level flood insurance and damage claims
title_sort	community-level flood mitigation effects on household-level flood insurance and damage claims
publisher	MSSTATE
publishDate	2016
url	http://sun.library.msstate.edu/ETD-db/theses/available/etd-06242016-124520/
work_keys_str_mv	AT frimpongeugene communitylevelfloodmitigationeffectsonhouseholdlevelfloodinsuranceanddamageclaims
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Community-level flood mitigation effects on household-level flood insurance and damage claims

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