Dear colleagues,
We have a new article in *Natural Hazards Review*, “Do Perverse Insurance Incentives Encourage Coastal Vulnerability? <https://ascelibrary.org/doi/pdf/10.1061/%28ASCE%29NH.1527-6996.0000533?casa_token=KaW6jxDbXrMAAAAA:9cJzqvgSiF_K_VDJNTux81-t4s31eBViib7_2V0mYaMNeRNAzzkPm-_SxcuLXjfHva9VQ38l-8Bu> ” *Abstract*: Subsidized insurance is often described as a perverse incentive, moral hazard, or maladaptation that perpetuates coastal residencies in vulnerable homes despite increasing safety and economic risks from hurricanes, sea level rise, and other climate change impacts. Insurance is also often described as a positive factor in coastal risk reduction if insurers proactively reward homeowners for upgrades that mitigate losses from hurricanes. The empirical and policy-relevant question remains whether homeowners perceive insurance incentives as perverse or positive. A new survey of 662 North Carolina coastal homeowners shows that most are failing to upgrade their homes to address hurricane risk or plan for coastal retreat but not because they expect insurance to cover losses. Rather those aware of insurance incentives are more likely to live in better-protected residences and take the incentivized actions. Limited awareness of existing policies suggests a need for greater outreach by policymakers, lenders, and insurers. All the best, Debra ***** Debra Javeline Associate Professor | Department of Political Science | University of Notre Dame | 2060 Jenkins Nanovic Halls | Notre Dame, IN 46556 | tel: 574-631-2793 <(574)%20631-2793> Fellow, Kroc Institute for International Peace Studies <http://kroc.nd.edu/> , Kellogg Institute for International Studies <http://nd.edu/~kellogg/>, Nanovic Institute for European Studies <http://nanovic.nd.edu/> Core faculty, Russian and East European Studies Program <http://germanandrussian.nd.edu/russian/faculty/program-faculty/RussianandEastEuropeanStudies.shtml> Affiliated faculty, Notre Dame Environmental Change Initiative <http://environmentalchange.nd.edu/> -- You received this message because you are subscribed to the Google Groups "gep-ed" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/gep-ed/81a2730cb2fd29470fab3b8dae08f5c3%40mail.gmail.com.
