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How to incentivize state and local governments to reduce disaster costs

from The Hill

In the United States, federal, state and local government share responsibility for paying for losses from disasters. Traditionally a state and local function, more responsibility has shifted to the federal government over time, and federal programs providing support to state and local entities for disaster response and recovery have proliferated. But as the frequency and severity of disasters has increased, so have the losses, and it is worth considering whether the current risk-sharing approach is appropriate. more

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