Flood Insurance

Publications

, MarketWatch
Heavy rains hammered California, causing billions of dollars in damage. But less than 2% of homeowners in the state have flood insurance.
R.J. Lehmann

From MarketWatch:

…Part of the reason for people not believing that they need flood insurance is due to reliance on “badly out-of-date” federal flood maps, according to the R Street…

, Miami Today
Fixing Florida property insurance mess a slow process
Jerry Theodorou

From Miami Today:

After the two bills aimed at fixing the property insurance crisis in Florida, experts are hopeful the new measures are a step in the right direction, but the effects will still…

TV: R Street Institute’s Jerry Theodorou on California floods and insurance claims
Jerry Theodorou

R Street Institute’s Jerry Theodorou discussed California floods and insurance claims on ABC 7 in Redding, California.

Listen here:

California – Mega Catastrophe Ground Zero
Jerry Theodorou

California’s destructive Christmas Eve and January storms are a grim reminder that the state is perilously exposed to massive flooding. A paltry 215,000 Californians—less than 2 percent of the…

, Risk & Insurance
Hurricane Ian’s Aftermath and the Insurance Implications
Jerry Theodorou

From Risk & Insurance:

“Hurricane Ian exposed the danger of Florida homes not being insured for flood risk. There are 7.3 million single-family homes in the state, but only 1.6 million have…

R Street’s Caroline Melear discusses Florida insurance crisis on Fox Business
William Gray

The R Street Institute’s Caroline Melear, fellow on the Finance, Insurance and Trade policy team, appeared on “Mornings with Maria” on Fox Business to discuss Hurricane Ian, the National Flood…

, CBS Miami
TV: Expert: Property insurance premiums likely to double by end of year
Caroline Melear

From CBS Miami:

Damage reports from the massive hurricane are being assembled.

“Initial estimates are coming in at 30 billion dollars in damages,” said insurance expert Caroline…

Hurricane Ian devastates Florida. Will it collapse the homeowners insurance market?
Caroline Melear

Hurricane Ian, a massive and powerful Category 4 storm, made landfall on the gulf coast of Florida on Wednesday. With unprecedented storm surge of 12 to 18 feet and winds around 150 miles per hour,…

Protecting Your Property from Flooding: What You Need to Know
Caroline Melear

As flooding takes hold in unusual places across the United States, including eastern Kentucky, St. Louis, and even Las Vegas, Americans are grappling with the devastating effects. Many have lost…

Event: The Private Market for Flood Insurance
Jerry Theodorou & Caroline Melear

The private market for flood insurance in the United States measures approximately $300 million in annual premium. This is less than 10 percent of the $3.7…

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