{"id":26,"date":"2025-02-16T02:50:01","date_gmt":"2025-02-16T02:50:01","guid":{"rendered":"https:\/\/classprojects.digitalwcu.org\/PatroneParty\/?page_id=26"},"modified":"2025-03-03T20:40:35","modified_gmt":"2025-03-03T20:40:35","slug":"page-4","status":"publish","type":"page","link":"https:\/\/classprojects.digitalwcu.org\/PatroneParty\/redlining-effects-on-fire-insurance-in-u-s\/page-4\/","title":{"rendered":"Publication from Discipline"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Hazra, D., &amp; Gallagher, P. (2022). Role of insurance in wildfire risk mitigation. <em>Economic Modelling, 108<\/em>, 105768. <a href=\"https:\/\/doi.org\/10.1016\/j.econmod.2022.105768\">https:\/\/doi.org\/10.1016\/j.econmod.2022.105768<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"889\" height=\"346\" src=\"https:\/\/classprojects.digitalwcu.org\/PatroneParty\/wp-content\/uploads\/2025\/03\/evbjke.png\" alt=\"\" class=\"wp-image-156\" srcset=\"https:\/\/classprojects.digitalwcu.org\/PatroneParty\/wp-content\/uploads\/2025\/03\/evbjke.png 889w, https:\/\/classprojects.digitalwcu.org\/PatroneParty\/wp-content\/uploads\/2025\/03\/evbjke-300x117.png 300w, https:\/\/classprojects.digitalwcu.org\/PatroneParty\/wp-content\/uploads\/2025\/03\/evbjke-768x299.png 768w\" sizes=\"auto, (max-width: 889px) 100vw, 889px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;This study investigates whether insurance policies effectively discourage homeownership in fire-prone zones. Using zip-code level data from&nbsp;Los Angles&nbsp;between 2011 and 2018, we employ linear regression and machine-learning to examine the extent to which wildfire-risk impacts FAIR plan or market insurance. Results indicate that insurance policies do not effectively disincentivize homeowners away from high-risk zones<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is because the marginal impact of wildfire-risk on both insurance premiums, is relatively lower compared to other factors, especially for private insurance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moderate-to-high risk areas continue to remain underinsured. Evidence of underinsurance was found in racially diverse neighborhoods. Recommendations include designing policies such that difference in risk-premium reflects difference in wildfire-risk to discourage homeownership in high-risk zones.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hazra, D., &amp; Gallagher, P. (2022). Role of insurance in wildfire risk mitigation. Economic Modelling, 108, 105768. https:\/\/doi.org\/10.1016\/j.econmod.2022.105768 &#8220;This study investigates whether insurance policies effectively discourage homeownership in fire-prone zones. Using zip-code level data from&nbsp;Los Angles&nbsp;between 2011 and 2018, we employ linear regression and machine-learning to examine the extent to which wildfire-risk impacts FAIR plan [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":14,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-26","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/classprojects.digitalwcu.org\/PatroneParty\/wp-json\/wp\/v2\/pages\/26","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/classprojects.digitalwcu.org\/PatroneParty\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/classprojects.digitalwcu.org\/PatroneParty\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/classprojects.digitalwcu.org\/PatroneParty\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/classprojects.digitalwcu.org\/PatroneParty\/wp-json\/wp\/v2\/comments?post=26"}],"version-history":[{"count":9,"href":"https:\/\/classprojects.digitalwcu.org\/PatroneParty\/wp-json\/wp\/v2\/pages\/26\/revisions"}],"predecessor-version":[{"id":157,"href":"https:\/\/classprojects.digitalwcu.org\/PatroneParty\/wp-json\/wp\/v2\/pages\/26\/revisions\/157"}],"up":[{"embeddable":true,"href":"https:\/\/classprojects.digitalwcu.org\/PatroneParty\/wp-json\/wp\/v2\/pages\/14"}],"wp:attachment":[{"href":"https:\/\/classprojects.digitalwcu.org\/PatroneParty\/wp-json\/wp\/v2\/media?parent=26"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}