Can New Orleans Beat Blight?
Urban blight is a problem that afflicts many cities in the current economic climate. But in the long, drawn-out aftermath of 2005’s Hurricane Katrina, the city of New Orleans is battling an extreme case. Coastal Connection covered the story in September (“Five Years After Katrina, New Orleans Struggles with Blight”), ... more
FEMA House Elevation Grants Cause Controversy
If a home floods once, it could be a chance event. If it floods more than once, odds are there’s a reason. That’s the reasoning behind a FEMA program to elevate, or even relocate, houses that have flooded over and over, and received multiple claim payouts from federally-backed flood insurance. ... more
Insurance Industry Relies on Flawed Models to Set Rates
In theory, premium rates for all kinds of insurance — auto coverage, life insurance, health insurance, and homeowners insurance — are set by a sophisticated examination of the actuarial risk involved in the value of the property being insured, and the nature of the behavior or activity that creates a ... more
Construction Downturn Hits Florida Coasts Unequally
Florida is ground zero for the building industry’s collapse. The downturn there has been sharper than elsewhere in the nation. But even within Florida, local markets vary. According to a report in the Sarasota Herald-Tribune, the state’s Gulf Coast is faring worse than its Atlantic side — considerably worse (“Sarasota ... more
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