Cato: The National Flood Insurance Program, Zoning Regulations, and Hurricanes: Lessons for Lawmakers

This event has passed

09/25/2017 @ 12:00 pm - 1:00 pm

Featuring Ike Brannon, Visiting Fellow, Cato Institute; R.J. Lehmann, Senior Fellow, R Street Institute; Ryan Maue, Adjunct Scholar, Cato Institute; Vanessa Brown Calder, Policy Analyst, Cato Institute; moderated by Peter Russo, Director of Congressional Affairs, Cato Institute.

This September, Congress will work to reauthorize the expiring National Flood Insurance Program (NFIB). This effort comes on the tail of the worst flooding in Texas history after Hurricane Harvey dropped an estimated 27 trillion gallons of rainfall around the Gulf Coast causing catastrophic damage to both lives and property.

In this environment, what should Congress understand as it undertakes reforms to the flood insurance program? The magnitude and depth of the program’s insolvency, arbitrary actuarial standards, and restrictive competitive road blocks all bedevil the effective operation of the NFIB. Are there promising avenues for reforms that would allow market forces to enhance the stability and reliability of consumers’ insurance needs?

What about flooding itself—what impact does climate change have on the need for flood insurance in the first place? Can we expect more frequent and more dangerous storms in the future? Further, what role do local and regional zoning regulations have on impervious ground conditions and water absorption? Our esteemed panel will answer these questions on hurricanes, floods, and their aftermath, as well as offer suggestions for what Congress should, and should not, do regarding future disaster mitigation efforts.

If you can’t make it to the event, you can watch it live online at www.cato.org/live and join the conversation on Twitter using #CatoEvents. Follow @CatoEvents on Twitter to get future event updates, live streams, and videos from the Cato Institute.

Loading Map....
Top