Flood Insurance-Pricing, Coverage, and Distributional Impacts for Underserved Communities

Project Description

Our project is based on the contention that federal flood insurance is a crucial resilience mechanism for communities but that factors conspire to make the poorer members of the community more vulnerable to flood risk and less able to benefit from the flood insurance safety net.  Our goal is to identify areas within Connecticut characterized by both high flood risk and financial, health, and environmental vulnerability and to compare how flood insurance coverage evolves over time for households in more and less vulnerable regions. We intend to address the question, “Do we see differential policy changes, particularly policy closures, in vulnerable neighborhoods?”

Project Timeline: June 2024 - July 2025


Project Outcomes

Project Final Report

Project Factsheet

 

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Project Team

  • Charles Towe, Department of Agriculture and Resource Economics
  • Nancy Bockstael