Stopping price reform won't eliminate flood risk

Carolyn Kousky of the Wharton School wrote an op-ed about helping at-risk households who can’t afford flood insurance by adopting a means-tested disaster insurance program for those in need. “Climate change is escalating flood risk around the country,” she wrote. “Failure to update pricing, though, effectively hides this risk from the market and limits financial incentives for risk reduction.”

・ From The Hill