According to stakeholders with whom the United States Government
Accountability office spoke, several conditions must be present to
increase private sector involvement in the sale of flood insurance.
First, insurers need to be able to accurately assess risk to
determine premium rates. Second, insurers need to be able to charge
premium rates that reflect the full estimated risk of potential
flood losses while still allowing the companies to make a profit,
as well as be able to decide which applicants they will insure.
However, stakeholders said that such rates might seem unaffordable
to many homeowners. Third, insurers need sufficient consumer
participation to properly manage and diversify their risk, but
stakeholders said that many property owners do not buy flood
insurance because they may have an inaccurate perception of their
risk of flooding. This book addresses the conditions needed for
private sector involvement in flood insurance and strategies for
increasing private sector involvement.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
