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The Unnatural Disaster: Who Will Pay For The Next Major Hurricane, Bradley Bodiford

Bradley G. Bodiford

Since Hurricane Katrina, most state’s hurricane insurance programs have become increasingly political in an effort to control rapidly rising insurance rates. These legislative efforts often create their desired short-term effects, but only at the expense of harming millions of insurance customers in the long-term. Florida provides a perfect laboratory for examining the current crisis with its heavy coastal population and high vulnerability to hurricanes. By using a case study of a state with a more conservative hurricane insurance system, the article attempts to bridge the gap between the current system and the self-sustaining system. Specifically, the article proposes a glide …