Document Type



Master of Science (MS)



First Advisor's Name

B.M. Golam Kibria

First Advisor's Committee Title

Committee Co-Chair

Second Advisor's Name

Pallab Mozumder

Second Advisor's Committee Title

Committee Co-Chair

Third Advisor's Name

Sneh Gulati

Third Advisor's Committee Title

Committee Member

Date of Defense



After a series of major storms over the last 20 years, the state of financing for U.S. natural disaster insurance has undergone substantial disruptions causing many federal and state backed programs against residential property damage to become severally underfunded. In order to regain actuarial soundness, policy makers have proposed a shift to a system that reflects risk-based pricing for property insurance. We examine survey responses from 1394 single-family homeowners in the state of Florida for support of several natural disaster mitigation policy reforms. Utilizing a partial proportional odds model we test for effects of location, risk perception, socio-economic and housing characteristics on support for policy reforms. Our findings suggest residents across the state, not just risk-prone homeowners, support the current subsidized model. We also examine several other policy questions from the survey to verify our initial results. Finally, the implications of our findings are discussed to provide inputs to policymakers.



FINAL.tex (104 kB)



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