@article{Frimpong:284989,
      recid = {284989},
      author = {Frimpong, Eugene and Petrolia, Daniel R. and Harri, Ardian  and Cartwright, John H.},
      title = {Flood Insurance and Claims:  The Impact of the Community  Rating System},
      address = {2019-03-15},
      number = {1112-2019-1354},
      series = {19-1},
      pages = {35},
      month = {Mar},
      year = {2019},
      abstract = {The Community Rating System (CRS) was introduced to  encourage community-level flood mitigation and increase  household-level flood insurance uptake through the National  Flood Insurance Program (NFIP). Using historical data of  policies-in-force and flood damage claims from 1998-2014  for all NFIP communities in Alabama and Mississippi, we  estimate the relationship between community participation  in the CRS and the number of policies-in-force, as well on  flood damage claims. We find a significant, positive, and  generally increasing effect of CRS participation on  insurance uptake. Reduced flood damage claims are found to  be limited to communities with a very high level of CRS  participation (Class 5) only.},
      url = {http://ageconsearch.umn.edu/record/284989},
      doi = {https://doi.org/10.22004/ag.econ.284989},
}