Valuing floodplain protection and avoidance in a coastal watershed
Bibliographic Data
| ID | 3898047 |
|---|---|
| Authors | Russell Blessing (0000-0003-4973-4032, Research Scientist, Department of Marine Sciences Texas A&M University at Galveston United States, corresponding author), Samuel D Brody (0000-0003-2004-3844, Professor, Center for Texas Beaches and Shores, Department of Marine Sciences Texas A&M University at Galveston United States), Wesley E Highfield (Associate Professor, Department of Marine Sciences Texas A&M University at Galveston United States) |
| Year | 2019 |
| Volume | 43 |
| Issue | 4 |
| Pages | 906-925 |
| Publication date | 2019-10-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Disasters (JOURNAL) |
| Journal identifiers | ISSN: 0361-3666 • E-ISSN: 1467-7717 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/disa.12409 |
| PMID | 31475731 |
| OpenAlex | W2971485619 |
| Language | EN |
| Citations received | 1 |
| References cited | 8 |
Flood-related losses in the United States are increasing despite large-scale mitigation efforts. To offset the rising cost of floods, the US Congress passed legislation in 2014 that will augment insurance premiums to make the National Flood Insurance Program more actuarially sound. Consequently, there is interest in lowering flood-related costs to the homeowner, both in terms of premiums and damage. This study addresses the issue by integrating premium savings and damages avoided based on several mitigation scenarios. Specifically, it examines how much policyholders within a watershed near Houston, Texas, could have saved between 1999 and 2009 had their communities introduced specific avoidance-based mitigation activities. The results indicate that homeowners and communities can offset premium rises and a majority of the damage suffered through marginal expansions of such initiatives. However, the costs associated with their implementation could counter some of these savings, and hence they need to be considered in future work
Actuarial science · Business · Damages · Economics · Environmental planning · Environmental resource management · Flood insurance · Flood mitigation · Flood myth · Floodplain · Geography · Insurance premium · Legislation · Natural resource economics · Watershed · Work (physics · Computer Science · Engineering · Environmental Science · Flood Risk Assessment and Management · Hydrology and Sediment Transport Processes · Water resources management and optimization
| Citations per year | 1 |
|---|---|
| Citation span | 2026 - 2026 (1) |
| Highly cited | No |