Insuring Against Catastrophes: The Lessons from Katrina

Brief

Insuring Against Catastrophes: The Lessons from Katrina

May 30, 2006

Abstract

Doing away with disaster assistance entirely is impractical and relying on it as the sole response to catastrophes is unfair. Some sort of modestly subsidized government catastrophic insurance would seem be a reasonable compromise between insurance mandates and disaster assistance strategies.

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