Flood Preparation Tips for Renters via Roomi Connect

Meghan Larsen at Roomi, a website for apartment renters, interviewed me for an article on preparing for a flood. My two key takeaways are: Have a kit. And this is really true for any kind of emergency. It should have some basic medical supplies, radio, flashlight, candles, and so forth. For a flood, get flood insurance. Renter’s insurance does not cover flooding. You an read the full article here: The 6 Critical Steps of a Flood Safety Plan | Roomi Connect El Niño is in full swing, and the Golden State is gearing up for a wet spring. Thanks to

Flood Mitigation Mistakes in Tucson

The Arizona Daily Star has a post about recent flood mitigation measures taken in Tucson, and opens with this: “This is a great Christmas present for 600 property owners,” said Tucson City Councilman Steve Kozachik, whose council ward covers some of the affected neighborhoods. Kozachik further says that homeowners will likely save since they will not be required to purchase flood insurance from FEMA. This kind of defeats the purpose of insurance. The purpose of insurance is to insure against unlikely events, and not to ensure payment when a likely disaster strikes. For these homeowners, the reduced likelihood, though not

Review on Government-Run Disaster Risk Pools

There’s a great review article in the International Journal of Disaster Risk Reduction on the Australian approach to government-run disaster risk pools. The key takeaways are: Get your pricing right, Pricing reflective of risk signals peril to market participants, and Financial risk reduction is not real risk reduction. All of this applies to the NFIP. Pricing is out of step with real risk and that’s the primary reason the program is in debt. Further, pricing subsidies do not expose purchasers to real risk and they do not understand how much risk there is. Finally, and this is really important, better

Reforming the NFIP

The NFIP is broke, or so I say in my new article in The Conversation: Floodwaters continue to rise, so it will be days if not weeks before we can calculate the final costs, both in terms of life and property. But regardless, many will be turning to the federal government’s National Flood Insurance Program (NFIP) for help – it’s the only way to insure a property against damage from flooding. Unfortunately, it’s broke – and its very nature encourages development that makes each flood more damaging than the last. Many thanks to Bret M. Webb for his comments an