DON'T SUBSIDIZE CASTLES BUILT ON SAND.

Authors :: Coy, Peter
Source :: BusinessWeek; 09/27/99, Issue 3648, p130-130, 1p, 1 Color Photograph
Publication Year :: 1999
Abstract: Discusses how United States government policies regarding flood insurance thwart sensible behavior by making it too easy for people to live in disaster-prone areas. Why financial losses from natural disasters are growing at a rate faster than the economy itself is expanding; How a free-market approach to disaster preparedness could solve the problem; The benefits of a revamped disaster-insurance program.