The National Flood Insurance Program, Zoning Regulations, and Hurricanes: Lessons for Lawmakers

Cato Event Podcast

Sep 25 2017 • 51 mins

This September, Congress will work to reauthorize the expiring National Flood Insurance Program (NFIB). This effort comes on the tail of the worst flooding in Texas history after Hurricane Harvey dropped an estimated 27 trillion gallons of rainfall around the Gulf Coast causing catastrophic damage to both lives and property.

In this environment, what should Congress understand as it undertakes reforms to the flood insurance program? The magnitude and depth of the program's insolvency, arbitrary actuarial standards, and restrictive competitive road blocks all bedevil the effective operation of the NFIB. Are there promising avenues for reforms that would allow market forces to enhance the stability and reliability of consumers' insurance needs?

What about flooding itself—what impact does climate change have on the need for flood insurance in the first place? Can we expect more frequent and more dangerous storms in the future? Further, what role do local and regional zoning regulations have on impervious ground conditions and water absorption? Our esteemed panel will answer these questions on hurricanes, floods, and their aftermath, as well as offer suggestions for what Congress should, and should not, do regarding future disaster mitigation efforts.


Hosted on Acast. See acast.com/privacy for more information.

You Might Like

The Daily
The Daily
The New York Times
The Dan Bongino Show
The Dan Bongino Show
Cumulus Podcast Network | Dan Bongino
WSJ What’s News
WSJ What’s News
The Wall Street Journal
Mark Levin Podcast
Mark Levin Podcast
Cumulus Podcast Network
USA TODAY 5 Things
USA TODAY 5 Things
USA TODAY / Wondery
The Glenn Beck Program
The Glenn Beck Program
Blaze Podcast Network
The Rachel Maddow Show
The Rachel Maddow Show
Rachel Maddow, MSNBC
Pod Save America
Pod Save America
Crooked Media
The New Yorker Radio Hour
The New Yorker Radio Hour
WNYC Studios and The New Yorker
Morning Wire
Morning Wire
The Daily Wire
Morning Joe
Morning Joe
Joe Scarborough and Mika Brzezinski, MSNBC
Rachel Maddow Presents: Ultra
Rachel Maddow Presents: Ultra
Rachel Maddow, MSNBC
The Matt Walsh Show
The Matt Walsh Show
The Daily Wire