Catastrophe Insurance

Publications

, The American Spectator
Insuring Another Disaster
Steven Greenhut

The concept of insurance is a simple one that revolves around pooling risks — and dates back to the 1700s B.C. Under the Code of Hammurabi, Babylonian King Hammurabi instituted an insurance-like…

, RealClearPolicy
Reduce Taxpayer Burdens from Flooding
Philip Rossetti

From RealClearPolicy:
Key Points
1) Many policies, like the National Flood Insurance Program (NFIP), are ironically incentivizing people to put themselves and their property at higher risk.

2)…

, Insurance Journal
Good Economic Policy is Good Resilience Policy
Philip Rossetti

When hurricanes or major storms strike the United States, most of the media coverage focuses on how climate change is exacerbating the intensity and frequency of major storms. But even as these…

It’s time to reduce taxpayer burdens from natural disasters
Corinne Day

WASHINGTON (March 17, 2021)—The value of coastal property continues to rise despite the increasing risk from extreme weather events. The current annual economic impact from hurricanes and…

Opportunities to Reduce Taxpayer Burdens from Hurricanes and Storm-related Flooding
Philip Rossetti

Press release: It’s time to reduce taxpayer burdens from natural disasters

Image credit:  FotoKina

, Our Daily Planet
FEMA May Increase Flood Insurance Rates to Reflect Skyrocketing Risk
Eli Lehrer

From Our Daily Planet:

Eli Lehrer, president of the R Street Institute says that one way to balance this inequity is by giving insurance subsidies for only those that truly need it. FEMA and the…

, Bolt Inc.
How the Federal Government’s Pandemic Response Affects Commercial Insurance
R.J. Lehmann

From Bolt Inc. :
“It simply isn’t possible to diversify away from a global pandemic,” writes Ray Lehmann, founding member and director of finance, insurance and trade policy at R Street…

, Insurance Journal
Is California’s Prop 103 System ‘Democratic’?
R.J. Lehmann

Defining the term “democracy” has long been a challenging proposition. Nearly all agree that a democracy is a government that reflects the will of the people, but questions about the particulars, of…

, ClimateWire
EXTREME WEATHER: Trump tapped a disaster fund stressed by climate change

From ClimateWire:
“It’s never a great idea to spend down disaster funds, but it’s a particularly bad idea under the current circumstances,” said R.J. Lehmann, a senior fellow at the R Street…

A.B. 2167, Insurance Market Action Plan
R.J. Lehmann

The R Street Institute wishes to express its support for Assembly Bill 2167, which soon will come before this committee after passage by the full state Assembly. R Street is a Washington, D.C.-based…