Residential Insurance on the U.S. Gulf Coast in the Aftermath of Hurricane Katrina: A Framework for Evaluating Potential Reforms, by McDonald et al. (20 pp.) RAND report, Oct. 2010. Interesting report on a topic not often discussed. To quote the report:
Until an improved system for mitigating and insuring hurricane risk is developed, storms will continue to cause record-setting losses to life and property, ever-increasing federal disaster relief, and major economic disruption in the Atlantic and Gulf Coast States.
Those sound like compelling reasons to act to me.
- US gov’t urged to push wind, flood insurer reforms (reuters.com)