hurricanes
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The National Flood Insurance Program is Unsustainable and Regressive
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In the ten days between September and October 2024, two catastrophic hurricanes, Helene and Milton, battered the southeastern United States. Insurance claim payouts related to Hurricane Helene are projected to total between six and seven billion dollars. Claims stemming from Hurricane Milton are estimated to increase by 30–50%. As of…
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The Financial Impact of Natural Disasters: Beyond Disaster Aid
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Recent wildfires in California and catastrophic flooding in Louisiana have drawn public attention to natural disasters across the United States. Yet little is known about the total financial impact of extreme weather events, particularly on non-disaster social programs. Considering that the frequency and intensity of extreme weather events is expected…