Insuring Resiliance: The Potential Impact of an Optional Federal Charter on the Social Resiliency of Hazard-Prone Regions

The capacity to withstand disruptions, rebuild, and retain essentially the same identity and culture after a natural or man-made disaster is the root of a community’s social resiliency. The ability of a community to recover from disasters depends on a number of institutions, both formal and informal, that have been the subject of much discussion in the social sciences. Critical, however, to the ability of a community to recover from disasters is a well functioning insurance market. This issue of the Mercatus Policy Series assesses the potential consequences of federal regulation—as opposed to the current system of state regulation—on property and casualty insurers and their ability to provide coverage in hazard-prone regions.

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