Findings from Karlstad University Update Understanding of Flood Risk Management (Insured flood damage in Sweden, 1987-2013)

2019 AUG 30 (NewsRx) -- By a News Reporter-Staff News Editor at Tech Daily News -- Researchers detail new data in Flood Risk Management. According to news originating from Karlstad, Sweden, by NewsRx correspondents, research stated, “This study uses insurance claims as a proxy for property damage to analyse flood damage in Sweden between the years 1987 and 2013. The number of compensated insurance claims per year has risen rapidly during this period.”

Our news journalists obtained a quote from the research from Karlstad University, “As much as 70% of the claims are caused by flood damage occurring during the summer months June, July, and August, when intense rain with low predictability is common. To explore the damage trend a time series cross sectional analysis using four different fixed effect models was applied to the data set. Due to data scarcity, the time series had to be limited to 16 years and contain a total of 304 damage observations. The potentially explanatory climate related factor extreme rain, defined as >6 mm/15 min, and the socioeconomic factors gross regional product (GRP) per capita and housing stock were tested as explanatory factors. The GRP per capita and housing stock were found to be significant in two regression models. The estimated effect of extreme rainfall events exceeded the effects of GRP per capita and housing stock in the models.”

According to the news editors, the research concluded: “Extreme rain was robust to model specification and was found to have a highly significant impact on Swedish flood damage.”

For more information on this research see: Insured flood damage in Sweden, 1987-2013. Journal of Flood Risk Management, 2019;12(3):e12465. Journal of Flood Risk Management can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - http://www.wiley.com/; Journal of Flood Risk Management - http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1753-318X)

The news correspondents report that additional information may be obtained from T. Grahn, Karlstad University, Ctr Climate & Safety, Dept Risk & Environm Sci, Karlstad, Sweden.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1111/jfr3.12465. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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