Studies from Louisiana State University in the Area of Climate Change Reported (Climate Risk Perceptions and Demand for Flood Insurance): Climate Change

2023 FEB 28 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Research findings on Climate Change are discussed in a new report. According to news originating from Baton Rouge, Louisiana, by NewsRx correspondents, research stated, “The demand for flood insurance is low when the frequency and severity of flood disasters are increasing due to climate change. We show that beliefs about climate change influence homeowners’ choice and level of flood insurance coverage.”

Our news journalists obtained a quote from the research from Louisiana State University, “The demand for voluntary flood insurance coverage for homes and contents is higher in areas with more people who are worried about global warming. Property-level analysis shows that individuals are more likely to terminate flood insurance after unanticipated premium increases if they do not perceive climate change as a risk.”

According to the news editors, the research concluded: “We use the heterogeneous impact of widening partisan polarization on climate change beliefs to rule out alternative explanations.”

This research has been peer-reviewed.

For more information on this research see: Climate Risk Perceptions and Demand for Flood Insurance. Financial Management, 2023. Financial Management can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - http://www.wiley.com/; Financial Management - http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1755-053X)

The news correspondents report that additional information may be obtained from Dimuthu Ratnadiwakara, Louisiana State University, Ej Ourso Coll Business, Baton Rouge, LA, United States.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1111/fima.12414. 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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