Reducing California Wildfire Losses

California has faced challenges over the years in convincing communities and property owners to adopt land use measures to reduce the likelihood of a fire spreading, notably in areas that are most prone to this risk: the wildland-urban interface (WUI). California’s current fires are a reminder of the need for undertaking strategic measures now to reduce future wildfires.Read More

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