“Should Taxpayers Subsidize Insuring Homeowners Against Climate-Change-Induced Flood Damage?”



The problem of who should bear the costs of climate-change-induced rises in flood frequency in coastal communities is difficult even before throwing in the not-trivial problem that is it also highly politicized…… And if you think that because you live comfortably inland, this discussion doesn’t affect you, think again. The insurance program under discussion, called the National Flood Insurance Program (NFIP) went from being more or less breakeven for decades (as in it actually once worked as insurance) to being $24 billion in the red thanks to more frequent and severe storms.


The question of who should pay for environmental protection is not a theoretical or rhetorical one. The example above shows that this issue is being worked out in real-time by residents in at-risk areas and taxpayers in safe areas. The price that gets backed out of this process is an insurance premium which represents a real value for the cost of CO2 generation in relation to flooding.

Have Your Say

Who do you think should pay?

Please download and complete the survey here.


About isabellew9873

My name is Isabelle Whitehead. I was a member of the Bolton School group on the Operation Wallacea 2015 expedition to Peru.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: