FEMA says new rates are more fair. But homeowners can still skip buying insurance, premiums may still not price in severe climate risk, and the program remains insolvent.
Lee Harris
Lee Harris is a staff writer at The American Prospect. In 2020, she co-founded New York Focus, an investigative news site on New York politics. Prior to that, she was editor of the independent newspaper at the University of Chicago.
Posted inEconomic Policy
Wall Street’s Attacks on Biden Nominee Are a Red Herring
Industry criticism of OCC pick Saule Omarova for wanting to end private banking masks their real fear of losing their derivatives businesses.
Posted inEnergy and the Environment
A Flood of Risk
The federal flood insurance program has historically subsidized rich coastal homeowners. FEMA says they’re fixing that, but it could be false hope.
Posted inHealth and Social Policy
Paid Leave Advocates Won’t Push Back on Payouts to Private Insurance
House proposal would fork over paid leave benefits to private insurers.
Posted inEconomic Policy
Can American Politics Allow for Long-Run Investment?
New programs to finance domestic manufacturing and set off a green boom rely on long-term thinking.
Posted inBuilding Back America
Infrastructure Summer: The Fight Against the Next Pandemic Starts Now
Tech billionaires are pushing for funding to prep for future pandemics. Why not the left?
Posted inEducation in America
Bureaucracy Jams Up Student Debt Relief for Disabled Borrowers
Recently announced student debt forgiveness for ‘totally and permanently disabled’ people leaves many at the mercy of a bureaucratic and somewhat random process.
Posted inPolitics
Cuomo Leaves, but a Corrupt Political Culture Remains in New York
The structure of state government, with its centralized power and few ethical checks, invites scandal after scandal.
Posted inEnergy and the Environment
New York Dairy Farms Skirt Clean Water Act Requirements
Farms in New York have used a form of legal arbitrage to shield their manure management practices from scrutiny.
Posted inBuilding Back America
Infrastructure Summer: In Bipartisan Bill, States Must Consider Private Financing for Major Transit Projects
A provision in the latest deal would require cities and states building transit to commission a study, usually conducted by management consultants, giving private finance ‘a fair shot.’
