Soaring Flood Insurance Rates: Should Congress Step In?
Wednesday, December 04, 2013 07:00 PM EST
-- 09:00 PM EST
Shortly before Superstorm Sandy, Congress amended the federal flood insurance law to require rates to reflect true flood risk, making the program more financially stable. This is leading to soaring rates in many communities. Some homeowners are being forced to choose between raising their homes on stilts and going without insurance. Bills are pending in Congress to roll back the rate hikes. Proponents say this is needed to keep homes affordable; opponents say it would increase vulnerability to rising seas and require massive federal subsidies. Both sides of the controversy will be aired in this public forum.
Watch live at: http://www.livestream.com/clsit
James G. Dinan Professor and Co-Director, Risk Management and Decision Processes Center, The Wharton School, University of Pennsylvania
Sergej Mahnovski, Director, New York City Mayor's Office of Long Term Planning and Sustainability
Joshua Saks, Legislative Director, National Advocacy Center, National Wildlife Federation
Steve Ellis, Vice President, Taxpayers for Common Sense
Michael B. Gerrard, Andrew Sabin Professor of Professional Practice and Director, Center for Climate Change Law
Open to the public without charge but RSVP required: