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Information is provided about the approach and experience in flood management in the Damodar river basin of India. This is achieved through a scheme for the integrated operation of a number of reservoirs on that river and on its tributaries for the purpose of irrigation, hydropower generation and flood protection. Of particular interest is the recent change in policy towards a multi-disciplinar...

One of the reasons that insurers refused to cover residential flood risk in the United States in the 1960s was their inability to properly quantify their exposure. Their refusal led to the creation in 1968 of the federally run National Flood Insurance Program (NFIP). The development of catastrophe models in recent years has refined insurers’ ability to assess flood hazard much more effectively ...

The aim of the study is to analyze and discuss possible climate change impacts on flood damages in Germany. The study was initiated and supported by the German insurance sector whereby the main goal was to identify general climate-related trends in flood hazard and damages and to explore sensitivity of results to climate scenario uncertainty. The study makes use of climate scenarios regionalize...

Established in 1984, the Wharton Risk Management and Decision Processes Center develops and promotes effective corporate and public policies for low-probability events with potentially catastrophic consequences through the integration of risk assessment, and risk perception with risk management strategies. Natural disasters, technological hazards, and national and international security issues ...

Large insurance losses happen infrequently, but they happen. In this paper we present the standard distribution models used in fire, wind–storm or flood insurance. We also present the classical Cramér-Lundberg model for the total claim amount and some more recent extensions. The classical insurance risk measure is the ruin probability and we give a full account of the ruin event in such models....

Design flood estimation is often required in engineering practice such as design of hydrologic structures, flood plain management, river ecological studies and flood insurance studies. The national guideline for design flood estimation in Australia known as Australian Rainfall and Runoff (ARR) recommends the Design Event Approach as the preferred method of rainfallbased design flood estimation ...

Risk insurance mechanisms have been proposed as proactive policy options to enhance the resilience of communities for coping with extreme events. Many risk insurance mechanisms require designation of ‘‘risk zones’’ to legalize governmental interventions. After a three-day workshop and ensuing interviews, ‘‘wicked’’ challenges were identified in the designation of risk zones: risk thresholds; la...

In light of increasing losses from floods, many researchers and policymakers are looking for ways to encourage flood risk reduction among communities, business, and households. In this study, we investigate risk-reduction behavior at the household level in three European Union Member States with fundamentally different insurance and compensation schemes. We try to understand if and how insuranc...