Keyword: floods

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US

Hurricane Economics

This US survey examines (a) In the aftermath of Hurricane Ian, the level of Florida’s GDP in five years will be substantially lower than it otherwise would; (b) The prospect of further costly extreme weather events means that there is a substantial chance that some private property insurance markets will no longer exist in ten years in states such as Florida; (c) Without large government subsidies, mandated flood insurance requirements would substantially reduce losses from subsequent natural disasters by encouraging economic activity to migrate from the most flood-prone areas
Economic Growth, Development, & Productivity