Review of international flood insurance and recovery mechanisms: Implications for New Zealand and the resilience of older people - research summary

Priest, Sally J. (2014) Review of international flood insurance and recovery mechanisms: Implications for New Zealand and the resilience of older people - research summary. Project Report. Centre for Research Evaluation and Social Assessment, New Zealand. .

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Abstract

Widely available insurance within a well-functioning and solvent market has the potential to not only assist the recovery from hazard events; but also positively influence mitigation behaviour. However, the characteristics of current flood insurance models and their effectiveness vary considerably between countries. How flood insurance provision is structured, what losses are covered and excluded and how it is purchased all impact upon the effectiveness of the scheme for recovering from flood losses and ultimately how burden sharing is split between the at-risk individual and society. This study reviews international insurance provision (and compensation schemes) for adverse natural events. The key findings from this work are provided in this research summary which accompanies the full review document.

Item Type: Monograph (Project Report)
Additional Information: This research was funded by the Ministry of Business, Innovation and Employment as part of the public good science programme Community Resilience and Good Ageing: Doing Better in Bad Times. For further information contact Kay Saville-Smith (kay@cresa.co.nz) Centre for Research Evaluation & Social Assessment, New Zealand or see www.goodhomes.co.nz.
Keywords (uncontrolled): Flooding, Insurance, Compensation, Community Resilience, New Zealand, Natural Hazards
Research Areas: A. > School of Science and Technology > Flood Hazard Research Centre
Item ID: 13940
Notes on copyright: CRESA have indicated that the full text can be submitted to the Middlesex University erepository.
Useful Links:
Depositing User: Sally Priest
Date Deposited: 12 Dec 2014 09:35
Last Modified: 01 Jun 2019 10:42
URI: https://eprints.mdx.ac.uk/id/eprint/13940

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