Findings in Sustainability Research Reported from University of Georgia (Risk Perceptions and Flood Insurance: Insights from Homeowners on the Georgia Coast)

2020 DEC 28 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New research on sustainability research is the subject of a new report. According to news reporting out of the University of Georgia by NewsRx editors, research stated, “Scholars highlight a wide array of factors that can influence individual decision-making under risk.”

Our news editors obtained a quote from the research from University of Georgia: “Utilizing survey data, we explore many potential factors that affect risk perception and protective behaviors. Our focus is on coastal Georgia, which has lower historical risk relative to the rest of the Southeast U.S., and which many people perceive as relatively safe, but was recently adversely affected by two major storms. The results indicate a majority of coastal residents expect coastal storms and other hazards to be worse in the future. The regression results suggest perceived damages, risk tolerance, wealth exposure, and flood zone are robust determinants of flood insurance purchase.”

According to the news editors, the research concluded: “Other factors, like flood zone awareness and attitudes towards community risk management initiatives-like shoreline armoring, beach replenishment, and coastal retreat-are also indicated to have a high correlation with flood insurance purchase.”

For more information on this research see: Risk Perceptions and Flood Insurance: Insights from Homeowners on the Georgia Coast. Sustainability, 2020,12(10372):10372. (Sustainability - http://www.mdpi.com/journal/sustainability). The publisher for Sustainability is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/su122410372.

Our news journalists report that additional information may be obtained by contacting Craig Landry, Department of Agricultural and Applied Economics (AAEC), University of Georgia, Athens, GA 30602, USA. Additional authors for this research include Dylan Turner.

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