Wildfires and Recovery: FEMA’s Individual Assistance funding provides important support—but unfunded damages remain

While the number of US wildfires per year remains fairly constant, the total acreage burned and average fire size has increased over the last thirty years.Without insurance, many individuals in wildfire-prone areas likely have insufficient resources to recover from these devastating events.Read More

How Insurance Companies Influence Households’ Flood Insurance Choices

Households face a high-stakes problem in selecting an insurance contract. How much coverage should they buy? What deductible should they choose? The household must weigh premiums paid today against losses from an unlikely – but possibly catastrophic – future event such as a flood. Often, the household has never experienced the insured event and may know little about its likelihood.Read More

Local Solutions to Flood Insurance Affordability: Portland’s Flood Insurance Savings Program

In a new issue brief, we examine Portland’s Flood Insurance Savings Program in detail, discussing its structure, participants, and impact on flood insurance premiums. We also identify lessons learned that may be useful to other communities struggling with flood insurance affordability and to policymakers considering NFIP reform.Read More

The 3 Maps That Explain Residential Flood Insurance Purchases

While take-up rates in many parts of the country remain low for flood insurance, there are places where many households are insured and, surprisingly, places where most flood insurance is purchased outside of the FEMA-mapped high-risk areas. We offer three findings about residential NFIP purchases as demonstrated in three maps.Read More