Emergency evacuations and their funding
Bob - September 9, 2021https://www.insurancejournal.com/news/southcentral/2021/09/09/630758.htm
Good evening,
Frequently many private citizens do not evacuate to safety after a weather emergency because of the large costs. My agreement on these big costs are 100%.
The above linked article tells of Louisiana initiating a program via their insurance regulations to help fund evac costs.
“Insurance” is a specific category of risk management. From the non-risk management perspective this Louisiana program could be called a “test case”.
As sad as the Louisiana adverse weather situations are, it is like this in most other places – and I know the meaning of “most”.
The article is well worth glancing at.
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Supersonic