With near unanimity, climate scientists project natural disasters to increase in frequency,
severity, and geographic scope over the next century. We survey academic literature at the …

This paper proposes a theoretical insurance model to explain well-documented loss
underreporting and to study how strategic underreporting affects insurance demand. We …

We present a theory of the demand for flood insurance and empirically analyze the effects of
the adoption of Risk Rating 2.0, using individual insurance histories for all NFIP policies. The …

Abstract The National Flood Insurance Program (NFIP) was created in 1968 and allows
homeowners, renters, and businesses to purchase flood insurance from the federal …

We employed survey research to test the role of behavioral biases and consumer
awareness in the demand for flood insurance and property risk mitigation. We relied on …

Extreme natural disasters like tropical cyclones have a low probability of materialising but a
high social and economic impact, including spillover to financial institutions. We propose a …

In this paper, we survey a growing body of academic research at the intersection of climate
risks, housing, and mortgage markets, with a focus on the United States. With near …