Flood Insurance and Claims: The Impact of the Community Rating System
Retrieved on:
Monday, September 16, 2019
In a new article released in the Applied Economic Perspectives & Policy, " Flood Insurance and Claims: The Impact of the Community Rating System ," Eugene Frimpong from East Carolina University and Ardian Harri, Daniel Petrolia, and John Cartwright from Mississippi State University look into what it would take to increase participation in the National Flood Insurance Program (NFIP).
Key Points:
- In a new article released in the Applied Economic Perspectives & Policy, " Flood Insurance and Claims: The Impact of the Community Rating System ," Eugene Frimpong from East Carolina University and Ardian Harri, Daniel Petrolia, and John Cartwright from Mississippi State University look into what it would take to increase participation in the National Flood Insurance Program (NFIP).
- Petrolia says, "We find a positive relationship between participation in the Community Rating System (CRS) and participation in the NFIP.
- However, we find that only those communities participating at the highest levels of the CRS realize real reductions in flood claims.
- If you are interested in setting up an interview with Petrolia, please contact Allison Scheetz in the AAEA Business Office.