Towards a Comparison of Public and Private Insurance Responses to Flooding Risks

Author: Crichton David  

Publisher: Routledge Ltd

ISSN: 0790-0627

Source: International Journal of Water Resources Development, Vol.24, Iss.4, 2008-12, pp. : 583-592

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Abstract

This paper considers the problems of flood risks in the context of public and private insurance responses with a particular focus on residential property. The role and take-up of insurance is demonstrated with examples from OECD countries. The importance of insurance as a tool to implement sustainable flood management policies is highlighted and the ways in which insurance has influenced local authorities in Scotland is described.