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

Citizens Property Insurance Corporation is Regressive and Risky

By Matt Kelly Citizens Property Insurance Corporation was formed by the Florida Legislature in 2002 for the purpose of serving Florida’s residual property insurance market. Its creation was justified by the argument that middle-income residents have a tough time purchasing insurance in a hurricane-prone state like Florida, and public subsidies were needed to even the … Continue reading Citizens Property Insurance Corporation is Regressive and Risky