Moving the Needle on Closing the Flood Insurance Gap

In October 2018, the Wharton Risk Center’s Policy Incubator hosted a workshop designed to evaluate policy options for expanding the number of people with flood insurance in the United States. In our most recent issue brief, we present seven approaches that workshop participants felt had the potential to generate substantial increases in take-up rates across the country.Read More

Reauthorizing the National Flood Insurance Program

In undertaking the reauthorization of the NFIP, Congress should bear in mind two guiding principles for insurance.  In addition, with increased knowledge of consumer behavior, a behavioral risk audit provides strategies that will nudge and incentivize individuals to make decisions that will ultimately reduce their future flood-related losses.Read More