Challenges to Privatizing Flood Insurance

Giovanna Dasilva The National Flood Insurance Program (NFIP), implemented in 1968 to address a market failure in the flood insurance sector, has been the subject of scrutiny following hurricanes Harvey and Irma. Increasing the scope of the private sector has often been cited as a potential solution to the NFIP’s pitfalls. However, there are challenges … Continue reading Challenges to Privatizing Flood Insurance

After this Hurricane Season, We Need to Rethink Flood Insurance

Giovanna Dasilva With the national spotlight on flooding caused by hurricanes Harvey and Irma, the National Flood Insurance Program (NFIP) has come under scrutiny. The federal program primarily focuses on offering flood insurance coverage and reducing the impact of flood damage.   The NFIP was established in 1968 to counteract a market failure on the … Continue reading After this Hurricane Season, We Need to Rethink Flood Insurance

Some Regulations Hinder Storm Recovery

By Chad Thomas and Matt Kelly One common policy response to hurricanes is to strengthen building codes. Former FEMA chairman Craig Fugate blames inadequate state and local building codes, rather than inept federal government disaster relief efforts, for the woeful response to Hurricane Katrina. After Hurricane Andrew in 1992, building code enforcement was enhanced in … Continue reading Some Regulations Hinder Storm Recovery

Economic Freedom Key to Cities’ Success

By Matt Kelly Economic freedom is the unrestricted ability of people in a country to associate and transact with one another. Measuring economic freedom has become a growing area of academic research. Probably the best known measure is the index constructed for the “Economic Freedom of the World”  annual report on 159 countries published by … Continue reading Economic Freedom Key to Cities’ Success

Tallahassee’s Local Permitting Process Reviewed

By Benjamin Peterson, Colin Cook, and Scott Williams One of the core issues of the DeVoe Moore Center (DMC) is regulatory streamlining and reform. Previous reports on local permitting have considered particular development types, including shopping centers and telecommunications towers. The DMC’s Data Analytics Group continues to examine the permitting process and most recently began … Continue reading Tallahassee’s Local Permitting Process Reviewed

Regulators Adapt to the Sharing Economy

By Matt Kelly The so-called “sharing economy” has revolutionized the way people travel, lodge, eat, and work through companies such as Uber, Lyft, Airbnb, and OpenTable. Buyers and sellers are increasingly transacting on online platforms that use a mix of demand pricing, reputation mechanisms, and computer algorithms to match users. This innovation represents a dramatic challenge … Continue reading Regulators Adapt to the Sharing Economy

Study Finds Growth Management Laws Reduce Housing Affordability

by Matt Kelly A new study by Cato Institute Senior Fellow Randal O’Toole explores the history and effects of growth management in the United States. Growth-management laws, according to O’Toole, “restrict rural development in order to force most growth into the cities.” In “The New Feudalism: Why States Must Repeal Growth-Management Laws” O’Toole finds these … Continue reading Study Finds Growth Management Laws Reduce Housing Affordability

Preparing Florida’s Government Policy for The Next Big Hurricane

by Chad Thomas Political and economic conditions in New Orleans before 2005 left the city unprepared for Hurricane Katrina. The government bureaucracies responsible for levee maintenance were mismanaged and corrupt officials diverted needed funds. Weak economic performance before Katrina also set up affected areas for slow recovery afterward. New Orleans’ experience shows how government can … Continue reading Preparing Florida’s Government Policy for The Next Big Hurricane

Monopolistic Licensing Board Taken to Court, Others Could Follow

By Matt Kelly In 2015, the US Supreme Court ruled that North Carolina’s State Board of Dental Examiners, which administers the state’s occupational licensing regulations, violated federal antitrust law. Occupational licensing has been growing for decades, both in terms of the number of regulated industries and the costs to those seeking licenses. However, the North … Continue reading Monopolistic Licensing Board Taken to Court, Others Could Follow

New Overtime Rules Blocked For Now, But Uncertainty Weighs on Businesses

By Matt Kelly CLOCK IN TIME: 6:10pm Work in the United States may be about to change. The Department of Labor (DOL) has updated overtime rules relating to the Fair Labor Standards Act, and some changes could have a big impact on businesses’ labor costs. The rules were set to take effect on December 1, … Continue reading New Overtime Rules Blocked For Now, But Uncertainty Weighs on Businesses