New property insurance data reveal higher premiums in disaster-prone areas and a stronger relationship between premiums and disaster risk, driven by rising reinsurance costs, from Ben Keys and @philipcheesy1 nber.org/papers/w32579

I'm reporting on a very interesting paper from Philip Mulder and Ben Keys, who built a massive dataset of insurance premiums using mortgage escrow payments. Part of why I've gotten obsessed with insurance is its broader implications, one of which Ben neatly summarizes here:

For the cliff notes version on Ben Keys and Philip Mulder's fascinating insurance premium paper, here you go! If you're interested in climate change's impact on insurance markets, you absolutely should read the full thing, which is linked in the story. boisestatepublicradio.org/environment/20…

Great handbook chapter on an increasingly important topic!

Excited to have this new working paper out (with fantabulous coauthors) on why so many homeowners are underinsured! See Tony’s thread for a great summary