This week, host Kristin Hayes talks with Carolyn Kousky, the executive director of the Wharton Risk Management and Decision Processes Center at the University of Pennsylvania. Kousky is a university fellow at Resources for a future and was a fellow at RFF for a number of years. Kousky's research has examined multiple aspects of disaster insurance markets, the National Flood Insurance Program, federal disaster aid and response, and policy responses to potential changes in extreme events with climate change. In this episode, Hayes and Kousky discuss resilience to natural disasters such as flooding and wildfire, whether the current US system of funding for that resilience is working (and for whom), and what other options for responding to natural disasters the United States might want to consider.

References and recommendations:

"Insuring Nature" by Carolyn Kousky and Sarah E. Light; https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3481896

"The Cure for Catastrophe" by Robert Muir-Wood; https://oneworld-publications.com/the-cure-for-catastrophe-hb.html