J14.1
Opportunities and Challenges related to Personal Lines Private Market Flood Insurance
PAPER WITHDRAWN
Kyle Beatty, Willis Re Inc., Minneapolis, MN; and P. Gunturi and C. Nicolai
A substantial amount of the flood risk that home owners have is transferred to the federal government through the National Flood Insurance Program. The private insurance industry, however, bears a significant amount of the flood risk in excess of $250,000 of building coverage ($100,000 for contents) for flood-exposed properties. In this presentation, the authors will 1) characterize the business value of primary insurance companies offering excess flood coverage and 2) suggest science-based criteria that could be used to enhance the state of practice of underwriting excess flood insurance coverage.
Joint Session 14, Societal Dimensions of Weather and Climate Hazards II
Thursday, 21 January 2010, 8:30 AM-9:45 AM, B213
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