Daily Archives: August 30, 2011

Hurricanes and Moral Hazard

Yevgeny Shrago This weekend’s highly hyped hurricane didn’t materialize with the expected vengeance, but it did manage to do significant damage to property across the Mid-Atlantic and Northeast.  Flooded out homeowners find themselves in two very different categories: those with flood insurance and those without.  Since most private insurers won’t provide flood insurance, deeming it too risky, the government…

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