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Abstract Hurricanes significantly harm homeowners through physical damage and long-term financial strain due to rising insurance costs, property value loss, and repair expenses. This paper focuses on the interrelated decisions of the government mitigation funding of residential acquisitions and retrofit subsidies and of price restrictions on the insurance market in eastern North Carolina to determine the financial effects on stakeholders. The introduction of these policy interventions have impacts that propagate through the system due to risk adjustments, homeowner take-up behaviour, and insurer profit-maximising behaviour. This study uses an integrated game theoretic model to demonstrate that there are cost-effective government spending levels that reduce residential loss from hurricane damage. When insurance prices are capped at preintervention levels, the number of households and their distribution of losses, which has been altered through mitigation, leads to increased insurer insolvency. When insurance prices are allowed to adjust after mitigation, some homeowners find insurance is no longer affordable. This highlights the tradeoff between ensuring insurer stability and expanding homeowner insurance accessibility. 

Abstract The eastern North Carolina Coastal Area Management Act region is one of the most hurricane-prone areas of the United States. Hurricanes incur substantial damage and economic losses because structures located near the coast tend to be high value as well as particularly exposed. To bolster disaster mitigation and community resilience, it is crucial to understand how hurricane hazards drive social and economic impacts. We integrate detailed hazard simulations, property data, and labor compensation estimates to comprehensively analyze hurricanes’ economic impacts. This study investigates the spatial distribution of probabilistic hurricane hazards, and concomitant property losses and labor impacts, pinpointing particularly hard hit areas. Relationships between capital and labor losses, social vulnerability, and asset values reveal the latter as the primary determinant of overall economic consequences. 

Wind fragility curves for roof sheathing were developed for single-family building models to investigate the effects of roof shape and roof pitch on the wind performance of roof sheathing. For gable roofs, it was found that more complex roof shapes are more likely to suffer roof sheathing damage when subjected to high winds. The probability of no roof sheathing failure can be up to 36% higher for a simple gable roof than for a complex gable roof. For hip roofs with different configurations, variation in roof shape has minimal effect on roof sheathing fragility. Roof pitch effects were also evaluated for 10 pitch angles, ranging from 14° to 45°. Results suggest that for roof pitches smaller than 27°, the effects of this angle are more substantial on the performance of gable roofs than on hip roofs. For gable roofs, the probability of no roof sheathing failure can be up to 23% higher for a 23° roof pitch than that for an 18° roof pitch. Furthermore, the inclusion of complex roof shapes in a regional hurricane loss model for New Hanover County, North Carolina, accounted for a 44% increase in estimated annual expected losses from roof sheathing damages compared to a scenario in which all roofs are assumed to have rectangular roof shapes. Therefore, to avoid an underestimation of roof damages due to high-wind impact, the inclusion of complex roof geometries in hurricane loss modeling is strongly recommended.