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Climate change insurance.

Publication: The Review of Policy Research
Publication Date: 01-SEP-07 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Climate change insurance.(25 ideas)

Article Excerpt
Global climate change puts millions of Americans living in coastal areas in the same position as me residents of pre-Katrina New Orleans: their homes are going to end up under water.

Before the storm, governments urged residents to purchase insurance or move to higher ground. When the storm hit, the response was bungled, and to make up for a failure of planning the government spent billions on temporary housing. Many families lost their homes; some lost their loved ones as well.

If America does not plan for climate disaster, our response to rising sea levels will suffer the same problems as our response to Hurricane Katrina--it will be an expensive and inefficient bailout rather than a smart prevention and readiness plan. It will also once again likely leave the poor to fend for...

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