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Disaster Financing

A Proposal for Insuring Public Facilities and Infrastructure Against Disaster Losses

Erwann Michel-Kerjan | Posted 01.23.2014 | Business
Erwann Michel-Kerjan

When Sandy made landfall last year, it took Congress three full months to vote $50 billion in disaster relief. Should another disaster hit the country in the near future, it is highly uncertain in today's political climate how much funding will be provided to the stricken areas and how long it will take for Congress to reach an agreement.