16545467
Description
Flashcards by Genevieve Gagnon, updated more than 1 year ago
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Created by Genevieve Gagnon
over 6 years ago
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| Question | Answer |
| 3 consequences of the predictability of flooding | 1. Adverse Selection 2. due the lack of infrastructure and investment 3. flood mapping in Canada is inadequate |
| Why is the risk-based premium for flood so expensive? | all properties are affected at the same time, reducing the diversification benefit. |
| Consequence of the limited insurability of flood risk in Canada | it places the burden on homeowners and taxpayers who are funding disaster relief spending from federal, provincial and municipal governments. |
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