SCC-CIVIC-FA Track B: Inclusive Insurance: Improving the Post-Flood Financial Resiliency of Low- and Moderate-Income Households

SCC-CIVIC-FA 轨道 B：普惠保险：提高中低收入家庭的洪水后财务弹性

基本信息

批准号：
2318137
负责人：
Carolyn Kousky
金额：
$ 97.81万
依托单位：
Environmental Defense Fund
依托单位国家：
美国
项目类别：
Standard Grant
财政年份：
2023
资助国家：
美国
起止时间：
2023-02-01 至 2023-09-30
项目状态：
已结题

来源：
https://www.nsf.gov/awardsearch/showAward?AWD_ID=2318137&HistoricalAwards=false
关键词：
SCC CIVIC FA Track Inclusive

项目摘要

Flooding is the costliest natural disaster and climate change is projected to escalate flood risk in many places. Prior research has found that low- and moderate-income (LMI) households suffer disproportionately and recover less quickly than more privileged residents. Financial resilience—the ability to recover from an economic shock—underpins other aspects of recovery and is a necessary condition for broader disaster resilience. Despite this, it is an under-researched aspect of climate adaptation and investigation of actionable solutions is scarce. The proposed project will fill this gap.The project’s overarching goal is to increase the financial resilience of LMI households in New York City to escalating flood risk through the use of inclusive insurance. Inclusive insurance refers to any program that makes coverage available to those previously locked out of the insurance market. Our project will establish NYC as one of the first communities in the U.S. to harness these approaches. This project is a joint effort between the Wharton Risk Center at the University of Pennsylvania, the New York City Mayor’s Office of Resiliency, and the Center for New York City Neighborhoods (CNYCN). It also involves a research partnership with the Urban Institute, research and development work with Global Parametrics, technical assistance from Guy Carpenter, and support from the NYC Office of Management and Budget. The project has four interrelated objectives: 1. Developing and deploying innovative, inclusive insurance pilots. The key pilot will be the purchase, by CNYCN, of a parametric flood insurance policy designed to rapidly provide emergency cash grants to LMI households post-flood. In addition, R&D will be undertaken on parametric flood policies that community development finance institutions can provide to protect LMI borrowers.2. Creating a community of practice that harnesses risk transfer for social recovery goals. This community will be developed through a workshop and new information sharing platforms. 3. Increasing the literacy and capacity of all partners. This includes training housing advisors on flood risk and insurance, providing pre-disaster consultations to fifty NYC households on risk reduction and insurance, and expanding the information available on FloodHelpNY.org, the local flood risk awareness platform.4. Linking research to actionable change. Three research projects will be undertaken, including a survey to quantify the length of delays in various sources of disaster recovery and the costs from these delays; a replicability and generalizability analysis of the project’s pilots; and a typology of the community-level benefits of widespread insurance purchaseThe CIVIC Innovation Challenge is a joint program with Department of Energy Vehicle Technology Office, Department of Homeland Security Science and Technology Directorate, Federal Emergency Management Agency, and the NSFThis award reflects NSF's statutory mission and has been deemed worthy of support through evaluation using the Foundation's intellectual merit and broader impacts review criteria.

洪水是最昂贵的自然灾害，预计气候变化将在许多地方升级洪水风险。先前的研究发现，低和现代收入（LMI）家庭遭受的痛苦不成比例，而恢复的速度比更多的特权居民少。财务弹性 - 从经济冲击中恢复的能力 - 在恢复的其他方面，是更广泛的灾难恢复能力的必要条件。尽管如此，这是气候适应和可行解决方案的投资的研究不足的方面。拟议的项目将填补这一空白。该项目的总体目标是提高纽约市LMI家庭的财务弹性，以通过使用包容性保险来升级洪水风险。包容性保险是指任何使以前被锁定在保险市场上的人提供的计划。我们的项目将建立纽约市成为美国最早利用这些方法的社区之一。该项目是宾夕法尼亚大学沃顿风险中心，纽约市市长弹性办公室与纽约市社区中心（CNYCN）之间的共同努力。它还涉及与Urban Institute的研究合作伙伴关系，与全球参数，Guy Carpenter的技术援助以及纽约市管理和预算办公室的支持。该项目有四个相互关联的对象：1。开发和部署创新的，包容的保险移户。关键的飞行员将是CNYCN购买的参数洪水保险单，旨在迅速向洪水后的LMI家庭提供紧急现金赠款。此外，将根据社区发展金融机构可以提供的参数洪水政策进行研发，以保护LMI借款人2。创建一个实践社区，以利用风险转移以实现社会恢复目标。该社区将通过研讨会和新信息共享平台开发。 3。提高所有合作伙伴的识字和能力。这包括有关洪水风险和保险的培训住房顾问，向纽约市降低风险和保险的五十家家庭提供了污点前咨询，并扩大了当地洪水风险宣传平台上的Floodhelpny.org上可用的信息。4。将研究与可行的变化联系起来。将进行三个研究项目，包括一项调查，以量化各种灾难恢复来源的延迟时间以及这些延误的成本；对项目的钢琴的可复制性和概括性分析； and a typology of the community-level benefits of widthspread insurance purchaseThe CIVIC Innovation Challenge is a joint program with Department of Energy Vehicle Technology Office, Department of Homeland Security Science and Technology Directorate, Federal Emergency Management Agency, and the NSFThis award reflects NSF's statutory mission and has been deemed precious of support through evaluation using the Foundation's intellectual merit and broader impacts review criteria.