Thousands of Houston-area homeowners will face massive, uninsured losses due to flood damage. Few homeowners buy flood insurance unless they are required to, and it's only mandatory for homes with mortgages located in FEMA-defined high-risk flood zones. People tend to ignore low-probability risks.
Sep 12, 2017 The RAND Blog
With the Terrorism Risk Insurance Act set to expire this year, Congress is currently revisiting a crucial question: What is the appropriate government role in terrorism insurance markets? As the debate unfolds on Capitol Hill, policymakers should consider three key research findings.
Jun 12, 2014 U.S. News & World Report
As residents continue to recover from Superstorm Sandy, they are about to confront dramatic changes in the flood insurance landscape. Changes to federal floodplain maps will mean thousands of New Yorkers will suddenly be living in areas designated as high-risk flood, which will send their insurance rates soaring.
Nov 5, 2013 The RAND Blog
The economic slowdown threatens to put a crimp in ambitious efforts to balance preservation, transportation improvements and development in western Riverside County. It doesn't have to. Actually, it presents an opportunity, writes Lloyd Dixon.
Dec 1, 2008 The Press-Enterprise