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The National Insurance Affordability Crisis

Year: 2026

Type: article

Abstract: The United States faces a structural crisis in residential property insurance: a convergence ofaccelerating multi-hazard catastrophic exposure, chronic actuarial risk mispricing, and the$22.5 billion structural insolvency of the National Flood Insurance Program (NFIP) hasproduced a protection gap of national fiscal consequence. This paper argues that the crisis isnot primarily a market failure or a regulatory failure — it is a risk governance failure rooted inthe fragmentation of three professional disciplines that must operate in integration: physicalproperty inspection, insurance underwriting, and certified enterprise risk management

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.19320608

Author: Hernandez, Luis

Language: English

Topic: Insurance and Financial Risk Management

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W7142611654

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