This paper presents the only study analyzing the decision to purchase wind coverage for
individuals whose standard homeowner's policy excludes wind, and one of very few …

Prior research provides theoretical insight into factors likely to impact the decision to mitigate
such as the degree of risk aversion, the cost of market insurance, and the cost of self …

Understanding the circumstances under which homeowners will purchase insurance is
critical to creating an effective insurance market for hurricane wind and flood loss. This …

This article asserts that the market for property insurance, particularly homeowners
insurance, in the State of Florida is experiencing failures, and that a combination of market …

This article uses data provided by the Federal Emergency Management Agency, which
implements the NFIP, to estimate the difference between annual premiums and expected …

Developments in 2020 have heightened concerns regarding market disruptions, which
could result in increases in Citizens Property Insurance Corporation's (Citizens') exposure …

Incentive based insurance (often called smart insurance), where the insured can affect the
premium level and receive other benefits by her behavior and choices, is currently subject to …

The debate in the United States about establishing a mechanism for insuring catastrophic
wind risk at the national level pre-dates the intense 2004–2005 hurricane seasons. The …

A central concern for insurance markets is the possibility that limits to the ability to classify
risk will lead to problems of adverse selection. This study investigates this issue in the …

In this paper we model the cost of providing insurance coverage against natural and man-
made hazards. We propose an insurance market model that explains (1) the use of …