Michel-Kerjan, Erwann O. - In: Journal of Economic Perspectives 24 (2010) 4, pp. 165-86
Hurricane Betsy, which hit Louisiana September 9, 1965, was one of the most intense, deadly, and costly storms ever to make landfall in the United States: it killed 76 people in Louisiana and caused $1.5 billion in damage—equal to nearly $10 billion in 2010 dollars. In 1965, no flood insurance...