We show that lenders charge higher interest rates for mortgages on properties exposed to a greater risk of sea level rise (SLR). This SLR premium is not evident in short-term loans and …
M Hino, M Burke - Proceedings of the National Academy of …, 2021 - National Acad Sciences
Floods and other climate hazards pose a widespread and growing threat to housing and infrastructure around the world. By reflecting climate risk in prices, markets can discourage …
AB Smith, RW Katz - Natural hazards, 2013 - Springer
This paper focuses on the US Billion-dollar Weather/Climate Disaster report by the National Oceanic and Atmospheric Administration's National Climatic Data Center. The current …
O Bin, CE Landry - Journal of Environmental Economics and management, 2013 - Elsevier
Hedonic valuation models have shown that sales prices can capitalize property risk factors, such as flood zone; properties facing lower risk sell at a premium, all else being equal …
A Thomas, R Leichenko - … Journal of Climate Change Strategies and …, 2011 - emerald.com
Purpose–Insurance is widely regarded as a key adaptation option for climate change. Yet, the experience of the insurance sector in dealing with climatic hazards, particularly flooding …
Atmospheric rivers (ARs) are extratropical storms that produce extreme precipitation on the west coasts of the world's major landmasses. In the United States, ARs cause significant …
Natural hazards, such as major flood events, are occurring with increasing frequency and inflicting increasing levels of financial damages upon affected communities. The experience …
Abstract Under the US National Flood Insurance Program, lands behind levees certified as protecting against the 100-year flood are considered to be out of the officially recognized …
C Kousky - Risk Management and Insurance Review, 2018 - Wiley Online Library
Abstract The National Flood Insurance Program (NFIP), housed in the Federal Emergency Management Agency, has been providing flood insurance to households and businesses for …