R Street’s insurance policy program explores efficient and effective market-based approaches to public policy questions that involve the transfer of risk. Among its priorities are risk-based insurance regulation, ending environmentally destructive taxpayer subsidies through the National Flood Insurance Program and the Federal Crop Insurance Corp. and exploring the benefits of mitigation through programs like the RESTORE Act and the Coastal Barrier Resources System.
Insurance
The Issue
Publications
Reps. Barr, Peters Reintroduce Bipartisan Bill to Discourage Costly Development in Flood-Prone Areas
Jerry Theodorou
From U.S. Congressman Andy Barr:
The bill is supported by Pew Charitable Trusts, National Association of Mutual Insurance Companies (NAMIC), Natural Resources Defense Council (NRDC) and R Street…
, FIU News
Video: FIU hosts national dialogues to explore challenges, solutions in environmental resilience
Jerry Theodorou
From FIU News:
Jerry Theodoru, director of finance, insurance and trade at R Street Institute warned: “We don’t want to be overpriced, and we don’t want to be underpriced. For a…
Residential Flood Insurance: What Risk Rating 2.0 Means to You
R.J. Lehmann
From Alera Group:
That was largely because the maps used to classify flood zones took into consideration neither the development of land that once served as a natural sponge nor climate change…
Bricks Without Straw?
Jerry Theodorou
You are no longer to supply the people with straw for making bricks; let them go and gather their own straw. But require them to make the same number of bricks as before. Exodus…
How to keep thousands of COVID-19-related lawsuits from creating a liability crisis
Jerry Theodorou
People in the United States have filed nearly 10,000 COVID-19-related lawsuits in state and federal courts since the outbreak of the virus. The litigation wave, likely to swell this year as courts…
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)…
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…
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…
Press release: It’s time to reduce taxpayer burdens from natural disasters
Image credit: FotoKina
WASHINGTON (March 16, 2021)—R Street is excited to welcome Jerry Theodorou as the director of the Finance, Insurance and Trade Policy Program.
In this capacity, Theodorou develops and advances…