Reasonable and Risk-Based? Replacing NFIP Generally Subsidized Rates with a Means-Tested Subsidy

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	Reasonable and Risk-Based? Replacing NFIP Generally Subsidized Rates with a Means-Tested Subsidy
	admin
	2020-07-22
出版年	2020
国家	美国
领域	资源环境
英文摘要	The National Flood Insurance Program was created to seek two often conflicting goals: (i) shifting risks from federal taxpayers to those who choose to live in flood plains and (ii) ensuring flood insurance is available to everyone at "reasonable" rates. Efforts to accomplish the second goal currently take the form of subsidies based on location and the date a home was constructed. The resulting revenue from subsidized insurance premiums is not sufficient to cover the true cost of flood insurance, and federal taxpayers have paid the difference: $30 billion to date. Based on a detailed survey of households in the high-risk flood zones of New York City (NYC), we find that replacing existing premium subsidies with risk-based prices and a subsidy for low-income housing-burdened households could better meet both goals by ensuring low-income individuals have access to affordable flood insurance while still saving the federal taxpayer up to $183 million per year in NYC alone.
URL	查看原文
来源平台	RAND Corporation
文献类型	科技报告
条目标识符	http://119.78.100.173/C666/handle/2XK7JSWQ/286482
专题	资源环境科学
推荐引用方式 GB/T 7714	admin. Reasonable and Risk-Based? Replacing NFIP Generally Subsidized Rates with a Means-Tested Subsidy,2020.