Is there a trade-off between households’ precautions, mitigations and public protection for flood risk?

Kuo, Yen-Lien

doi:10.1080/17477891.2016.1208729

Cited by 7 publications

(7 citation statements)

References 25 publications

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“…Various researchers have studied the relationship between WTP and specific influencing factors. Those possible influencing factors include but are not limited to governmental aid (Pynn and Ljung, 1999;Wang et al, 2009;Athavale and Avila, 2011;Botzen and Van Den Bergh, 2012;Wang et al, 2012;Tian et al, 2014;Tian and Yao, 2015;Kuo, 2016;Sauter et al, 2016), gender (Kung and Chen, 2012;Yoko, 2014), age and educational background (Tian et al, 2014;Abbas et al, 2015), income (Athavale and Avila, 2011;Abbas et al, 2015;Tian and Yao, 2015), location (Wang et al, 2012), structure type (Tian et al, 2014;Tian and Yao, 2015), previous disaster experience (Seifert et al, 2013;Oral et al, 2015), risk perception (Kunreuther, 1976;Seifert et al, 2013), insurance experience (Kung and Chen, 2012;Tian et al, 2014;Wang et al, 2012;Abbas et al, 2015) and so on. As noted, factors specifically related to EMC were not accentuated in previous studies, as well as self-prevention behaviors and also a broader range of sociodemographic characteristics, including family size, family labors, agricultural labors and out-migrating labors, which are famers move to other places to work.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Furthermore, Tian and Yao (2015) verified that the adverse selection does exist in disaster insurance, which is exemplified by the reality that people received government aid tend to have lower WTP for disaster insurance. On the contrary, Kuo (2016) concluded that the adverse selection in flood insurance is not serious in Taiwan, and government aid would not affect WTP. Nevertheless, as for areas with relevant undeveloped economy and severe vulnerability, as an interim measure, it is plausible for government to cover total premiums for all households (Tian et al, 2014).…”

Section: Literature Reviewmentioning

confidence: 99%

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Minority community willingness to pay for earthquake insurance

Zhang

Qian

2018

DPM

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Purpose The purpose of this paper is to investigate the relationship between potential affecting factors and the local communities’ willingness to pay (WTP) for housing earthquake insurance (HEI) in the context of ethnic minority communities. Design/methodology/approach A literature review was done to identify possible factors affecting WTP for HEI. Fieldwork was conducted in 2017 in Dali Minority Autonomous Prefecture, where the first Chinese HEI was launched in 2015. Interviews were done in two earthquake-prone counties, as the main ethnic minority communities in the area. A total of 536 questionnaires were collected and used as empirical data for testing the impacts mechanism. Findings Respondents’ risk perception, risk exposure, self-prevention behaviors, government aid, insurance experience and sociodemographic characteristics were hypothesized as theoretical indicators correlated to WTP for HEI. Empirical analysis results predict that WTP for HEI is significantly influenced by risk perception, insurance experience, government aid, and age and out-migrating labors. It is evident that higher risk perception and more insurance experience lead to stronger desire for HEI coverage. However, dependency on government aid negatively affects WTP for HEI. Moreover, WTP for HEI is negative in relation to age and out-migrating labors. Surprisingly, ethnic-culture factors were not statistically significant to WTP for HEI. Originality/value This paper is an attempt to identify and verify factors affecting WTP for HEI, bridging the gap of inadequate research on WTP for HEI in ethnic minority communities.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Minority community willingness to pay for earthquake insurance

Zhang

Qian

2018

DPM

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“…Two thirds of the papers in this theme focus on flood insurance. Flood is a Several studies found that more affluent people were more likely to buy insurance (Hung 2009;Ghanbarpour et al 2014;Browne et al 2015;Brody et al 2017;Wang et al 2017;Yiannakoulias et al 2018) and that lack of affordability of premiums was a strong barrier to purchase (Aliagha et al 2015;Kuo 2016). None of the papers in the corpus presented evidence to the contrary.…”

Section: Discussionmentioning

confidence: 99%

Insuring homes against extreme weather events: a systematic review of the research

2021

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Home insurance for extreme weather events is a significant security mechanism not only for individual households but for global finance. As extreme weather events become more frequent and intense, home insurance has been identified by governments as a critical tool for climate adaptation and disaster resilience. However, the growing research literature on the interactions between household insurance and extreme climatic events has not previously been systematically reviewed. In this paper, we analyse 175 original peer-reviewed empirical research papers on this subject, published between 2009 and 2018. We identify areas of research focus, themes, spatial and temporal patterns, and knowledge gaps, and examine policy implications of these findings. We find that an overall focus on flood insurance leaves unanswered questions about the different insurantial challenges posed by storms and wildfire. We suggest existing technocratic and calculative insurance narratives obscure the political and moral assumptions embedded within them, and that these assumptions warrant further investigation in the context of socially legitimate insurance against the impact of extreme weather events.

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“…Stated preference methods, particularly contingent valuation (Carson, 2012; Johnston et al, 2017), have been used to assess a variety of collective flood‐mitigation policy approaches (Champonnois, 2018; Champonnois & Chanel, 2016; Chanel, Chichilnisky, Massoni, & Vergnaud, 2016; Glenk & Fischer, 2010; Kuo, 2016). Indeed, WTP may express a monetary benefit (increased land‐use value) or other benefit (reduced anxiety and community disruption), as discussed in Thunberg and Shabman (1991).…”

Section: Introductionmentioning

confidence: 99%

“…Valuation studies of the benefits of individual adaptation are rare (Botzen et al, 2009a(Botzen et al, , 2009bKazmierczak & Bichard, 2010;Kuo, 2016;Owusu et al, 2015). Kazmierczak and Bichard (2010) estimated WTP for individual adaptation measures in flood-prone areas in England.…”

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confidence: 99%

Willingness of households to reduce flood risk in southern France

Champonnois

Erdlenbruch

2021

J Flood Risk Management

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This article analyses the scope for individual adaptation to flood risk in the South of France. We collected data concerning the implementation of individual adaptation measures and the willingness to pay for individual and collective measures in a survey of 418 respondents living in two flood‐prone areas. First, we observed the current level of adaptation and compared the willingness to pay for individual versus collective measures. We then analysed the drivers of implementation and of willingness to pay. We then provide a cost–benefit analysis of individual adaptation. The survey results show that, despite willingness to pay for reduced risk, few adaptation measures have been implemented. Perceptions of hazards and of damage are important drivers but have different influences: the first favours the implementation of measures; the second increases willingness to pay for measures. Finally, our cost–benefit analysis suggests that completely dry proofing a house up to a height of one metre may not be economically viable. This calls for the promotion of cheaper and more cost‐efficient measures.

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Is there a trade-off between households’ precautions, mitigations and public protection for flood risk?

Cited by 7 publications

References 25 publications

Minority community willingness to pay for earthquake insurance

Minority community willingness to pay for earthquake insurance

Insuring homes against extreme weather events: a systematic review of the research

Willingness of households to reduce flood risk in southern France

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