Deciding Whether to Invest in Mitigation Measures: Evidence From Florida |
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| Authors: | James M. Carson Kathleen A. McCullough David M. Pooser |
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| Affiliation: | James M. Carson is Daniel P. Amos Distinguished Professor of Insurance, Terry College of Business, University of Georgia. He can be contacted via e‐mail: jcarson@uga.edu. Kathleen A. McCullough is State Farm Insurance Professor of Risk Management and Insurance, College of Business, Florida State University. David M. Pooser is Assistant Professor of Risk Management and Insurance at St. John's University's School of Risk Management. Support for this research is gratefully acknowledged from the Florida Catastrophic Storm Risk Management Center. The authors thank the editor and the anonymous referees for helpful comments. The authors also thank Pat Maroney, Lori Medders, Chuck Nyce, and Harris Schlesinger, as well as participants at presentations at the Southern Risk and Insurance Association meeting and at the University of Georgia for their comments. All errors are, of course, the responsibility of the authors. |
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| Abstract: | Prior research provides theoretical insight into factors likely to impact the decision to mitigate such as the degree of risk aversion, the cost of market insurance, and the cost of self‐insurance. We provide empirical evidence related to several hypotheses from the self‐insurance literature on the decision to mitigate. |
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