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Flood insurance: Waves of problems

Source(s): Economist, the
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New proposals to reform subsidized flood insurance do too little to reduce risk, reports the Economist in a report on changes to flood insurance schemes in the UK, USA and France.

"Neither are the new schemes’ pooling mechanisms likely to favour those in the most need of help, reckons Erwann Michel-Kerjan at the Wharton School of Business. France funds its pool with a 12% levy on premiums, but the proposed fixed-rate contributions in Britain and America will be the same for mansions and hovels", writes Chertsey for the Economist.

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Hazards Flood
Themes Insurance and risk transfer
Country and region France United Kingdom of Great Britain and Northern Ireland United States of America
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