Financial Management of Flood Risk

Financial Management of Flood Risk

Author: OECD

Publisher: OECD Publishing

Published: 2016-07-29

Total Pages: 138

ISBN-13: 9264257683

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Disasters present a broad range of human, social, financial, economic and environmental impacts, with potentially long-lasting effects. This report applies the lessons from the OECD’s analysis of disaster risk financing practices and its risk guidance to the specific case of floods.


Financial Management of Flood Risks

Financial Management of Flood Risks

Author: Organisation for Economic Co-Operation and Development (OECD)

Publisher: IWA Publishing

Published: 2016-10-15

Total Pages: 0

ISBN-13: 9781780408569

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Disasters present a broad range of human, social, financial, economic and environmental impacts, with potentially long-lasting, multi-generational effects. The financial management of these impacts is a key challenge for individuals and governments in developed and developing countries. G20 Finance Ministers and Central Bank Governors and APEC Finance Ministers have recognised the importance and priority of disaster risk management strategies and, in particular, disaster risk assessment and risk financing. The OECD has supported the development of strategies for the financial management of natural and man-made disaster risks, under the guidance of the OECD High-Level Advisory Board on Financial Management of Large-scale Catastrophes and the OECD Insurance and Private Pensions Committee. This work has included the elaboration of an OECD Recommendation on Good Practices for Mitigating and Financing Catastrophic Risks and a draft Recommendation on Disaster Risk Financing Strategies; The Financial Management of Flood Risk extends this work by applying the lessons from the OECD’s analysis of disaster risk financing practices and the development of its guidance to the specific case of floods.


Flood Risk Management in Europe

Flood Risk Management in Europe

Author: Selina Begum

Publisher: Springer Science & Business Media

Published: 2007-06-17

Total Pages: 532

ISBN-13: 1402042000

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This valuable edition brings together 25 peer reviewed articles on technical, socio-economic, environmental and policy aspects of flood risk management. Some emerging technologies are presented and several future challenges are identified. Thus the book forms an excellent reference for the engineers, scientists, planners, policy-makers, researchers, insurance industry and all the practitioners involved in flood risk management.


Financial and Fiscal Instruments for Catastrophe Risk Management

Financial and Fiscal Instruments for Catastrophe Risk Management

Author: John Pollner

Publisher: World Bank Publications

Published: 2012-07-17

Total Pages: 221

ISBN-13: 0821395793

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An insurance-like mechanism for National Governments can be tailored for country-portfolio needs for buildings, properties and critical infrastructure. By virtue of the broad territorial scope, fiscal support should use mechanisms that provide payments triggered by physical flood measurements in selected areas (rather than site-by-site losses as in the traditional insurance industry). A multi-country mechanism for insurance pooling of risks to protect infrastructure can also provide major cost efficiencies for all governments, using parametric-or index contracts. Savings from pooling can range from 25 to 33 percent of the financing costs that each country would otherwise have paid on its own. There are several instruments and options for both insurance, and debt financed mechanisms for funding catastrophes. All instruments can be analyzed based on equivalencies in terms of market spreads.


Financial Schemes for Resilient Flood Recovery

Financial Schemes for Resilient Flood Recovery

Author: Lenka Slavíková

Publisher: Routledge

Published: 2021-08-26

Total Pages: 175

ISBN-13: 1000431045

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Financial schemes for flood recovery, if properly designed and implemented, might increase flood resilience. However, options for the increase of flood resilience during the recovery phase are to a large extent overlooked and the diversity of existing schemes shows that there has been a lack of consensus on how to achieve resilient flood recovery. Financial Schemes for Resilient Flood Recovery investigates how the implementation of financial schemes (government relief subsidies, insurance schemes, buy-outs, etc.) might increase flood resilience. The chapters included in this edited volume address the following questions: Shall government relief subsidies exist when there is flood insurance in place, and, if so, how might they both be coordinated? Where (or how) to decide about build back better incentives and where to go for planned relocation programs? What is the distributional equity of financial schemes for flood recovery, and has it been sufficiently treated? The book covers different approaches to flood recovery schemes with specific intervention rationales in different countries. Empirical evidence provided clearly shows the great diversity of financial flood recovery schemes. This diversity of state-funded schemes, private-based insurance schemes, and hybrids as well as planned relocation schemes indicates a lack of a consistent and strategic approach in flood risk management and flood resilience about flood recovery. The chapters in this book were originally published in the Environmental Hazards.


Financial Management: Improvements Needed in National Flood Insurance Program’s Financial Controls and Oversight

Financial Management: Improvements Needed in National Flood Insurance Program’s Financial Controls and Oversight

Author: Susan Ragland

Publisher: DIANE Publishing

Published: 2011

Total Pages: 44

ISBN-13: 1437928102

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This is a print on demand edition of a hard to find publication. Due to the federal government's role as guarantor, floods impose an enormous potential financial burden on the federal government. Consequently, decision makers at the Dept. of Homeland Security, FEMA, and the Congress need accurate and timely financial information to assess the effectiveness of the National Flood Insurance Program (NFIP). This report assesses whether controls in place during the 2005 to 2007 time frame were effective and whether actions to improve controls are likely to address identified weaknesses. The report reviewed and analyzed FEMA/NFIP guidance, data, and financial reports, and interviewed FEMA officials and contractors. Includes recommendations. Charts and tables.


Policy Issues in Insurance Financial Management of Large-Scale Catastrophes

Policy Issues in Insurance Financial Management of Large-Scale Catastrophes

Author: OECD

Publisher: OECD Publishing

Published: 2008-09-05

Total Pages: 315

ISBN-13: 9264041516

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Contains three reports focusing on different institutional approaches to the financial management of large-scale catastrophes, the role of risk mitigation and insurance in reducing the impact of natural disasters, and the importance of strategic leadership in the management of crises.


Flood Risk Management and Response

Flood Risk Management and Response

Author: D. Proverbs

Publisher: WIT Press

Published: 2016-12-28

Total Pages: 263

ISBN-13: 1784662410

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Flooding is a global phenomenon that claims countless lives worldwide each year. Beginning in 2008 at the Institution of Civil Engineers in London this book contains papers presented at the 5th conference in the successful series on Flood Recovery, Innovation and Response. When flooding occurs in populated areas, it can cause substantial damage to property as well as threatening human life. Apart from the physical damage to buildings, contents and loss of life, which are the most obvious impacts of floods upon households, indirect losses are often overlooked. These indirect and intangible impacts are generally associated with disruption to normal life as well as longer term health issues including stress related illness. In many parts of the developing world, flooding can represent a major barrier to the alleviation of poverty as vulnerable communities are often exposed to sudden and life threatening events. How we respond and adapt to the challenges of flooding is key to developing our long term resilience. This book provides a platform for the work of researchers, academics and practitioners actively involved in improving our understanding of flood events and our approaches to response, recovery and resilience. A wide range of technical and management topics related to flooding and its impact are included: Flood management; Flood warning; Flood risk adaptation Flood protection - products and processes; Flood risk modelling; Flood forecasting; Flood vulnerability; Urban flood modelling; Flood risk assessment and recovery; Climate change impact; Socio and economic impact; Flood case studies; Flood damage assessment; Storm water control.


Rising Waves of Indecision

Rising Waves of Indecision

Author:

Publisher:

Published: 2021

Total Pages: 0

ISBN-13: 9789464214796

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Floods have a devastating impact on society, costing thousands of lives and billions of dollars annually. Scientific projections indicate that flood risk is expected to increase in the future, driven by socio-economic growth and climate change. However, managing flood risk is a complex and costly process that requires decision-making with uncertain future conditions under the fear of making irreversible, inefficient choices. To support decision-makers, flood risk assessments provide estimates of the monetary impacts of floods or the economic efficiency of adaptation investments, although they often lack spatial or temporal dynamics. In addition, homeowners also make decisions at an individual level, such as implementing building-level adaptation measures or purchasing flood insurance. Homeowners’ decisions often deviate from rationality, as it is difficult for individuals to estimate the probability and associated damage of a potential flood. This PhD dissertation explores the extent to which we can incorporate the decision-making dynamics of governments, households, and flood insurance into a flood risk assessment at different spatial scales, and how this may improve flood risk management, applied to cases in the US.