New insurance products may offer innovative adaptation solutions
(This post is part of a series on the issue of climate change and insurance that my colleague Sean Hecht and I are writing, inspired by a symposium that the law schools co-organized with the California Department of Insurance earlier this year. You can find more information on the symposium here.) The autumn of 2019 is bringing …CONTINUE READING
Houston failed to learn a key lesson from Katrina about the need to prepare for catastrophic flooding.
The torrential rain in Houston would have caused bad flooding no matter what. There’s no question about that. But it’s also true that Houston’s flood control efforts have been badly managed. Houston failed to learn a key lesson from Katrina: the most important disaster response is done years in advance through risk mitigation. Not only …CONTINUE READING