Natural Disasters
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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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What are the True Costs of Natural Disasters?
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With a year that included severe monsoon flooding in Bangladesh, earthquakes in Mexico, and hurricanes in the Atlantic and Pacific Oceans, 2017 was an exceptionally bad year for natural disasters. Policies can help mitigate these tragedies, but to start we must better understand a disaster’s true costs. Conventional metrics consider…