#naturalhazard — Public Fediverse posts on home.social

The Moral Hazard of Minimum Standards [flood zones, etc]
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https://www.floods.org/news-views/from-the-directors-desk/the-moral-hazard-of-minimum-standards/ <-- shared editorial
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H/T @Association of State Floodplain Managers, Inc. (ASFPM)
“How can communities make the case for stronger floodplain management standards? [The author] explores the moral hazard concept and the hidden costs of weak standards.
How does the moral hazard argument for higher standards resonate with you? Does it, or would it, work in your state or community? What other arguments have you made for going beyond NFIP minimums?...”
--
“What is [a] moral hazard? The definition of a moral hazard is when a person or group takes more risks because they do not have to pay for the full cost of those risks. The connection here is essentially that weaker building rules mean developers can build cheaply in high-risk flood zones. If a flood ruins the property, government disaster aid, subsidized insurance, or public funds pay to fix or rebuild it..."
#risk #hazard #legacyrisk #moralhazard #flood #flooding #water #hydrology #buildingcodes #USA #floodzones #floodplain #floodplainmanagement #builder #developer #development #construction #quality #longterm #cost #loss #economics #NFIP #FEMA #ASCE2424 #publicsafety #publichealth #naturalhazard #disasters #engineering #infrastructure #residential #housing #communities #highrisk #MinimumStandards #floodzone #housing #floodlossreduction

#risk #hazard #legacyrisk #moralhazard #flood #flooding

The Moral Hazard of Minimum Standards [flood zones, etc]
--
https://www.floods.org/news-views/from-the-directors-desk/the-moral-hazard-of-minimum-standards/ <-- shared editorial
--
H/T @Association of State Floodplain Managers, Inc. (ASFPM)
“How can communities make the case for stronger floodplain management standards? [The author] explores the moral hazard concept and the hidden costs of weak standards.
How does the moral hazard argument for higher standards resonate with you? Does it, or would it, work in your state or community? What other arguments have you made for going beyond NFIP minimums?...”
--
“What is [a] moral hazard? The definition of a moral hazard is when a person or group takes more risks because they do not have to pay for the full cost of those risks. The connection here is essentially that weaker building rules mean developers can build cheaply in high-risk flood zones. If a flood ruins the property, government disaster aid, subsidized insurance, or public funds pay to fix or rebuild it..."
#risk #hazard #legacyrisk #moralhazard #flood #flooding #water #hydrology #buildingcodes #USA #floodzones #floodplain #floodplainmanagement #builder #developer #development #construction #quality #longterm #cost #loss #economics #NFIP #FEMA #ASCE2424 #publicsafety #publichealth #naturalhazard #disasters #engineering #infrastructure #residential #housing #communities #highrisk #MinimumStandards #floodzone #housing #floodlossreduction

#risk #hazard #legacyrisk #moralhazard #flood #flooding

The Moral Hazard of Minimum Standards [flood zones, etc]
--
https://www.floods.org/news-views/from-the-directors-desk/the-moral-hazard-of-minimum-standards/ <-- shared editorial
--
H/T @Association of State Floodplain Managers, Inc. (ASFPM)
“How can communities make the case for stronger floodplain management standards? [The author] explores the moral hazard concept and the hidden costs of weak standards.
How does the moral hazard argument for higher standards resonate with you? Does it, or would it, work in your state or community? What other arguments have you made for going beyond NFIP minimums?...”
--
“What is [a] moral hazard? The definition of a moral hazard is when a person or group takes more risks because they do not have to pay for the full cost of those risks. The connection here is essentially that weaker building rules mean developers can build cheaply in high-risk flood zones. If a flood ruins the property, government disaster aid, subsidized insurance, or public funds pay to fix or rebuild it..."
#risk #hazard #legacyrisk #moralhazard #flood #flooding #water #hydrology #buildingcodes #USA #floodzones #floodplain #floodplainmanagement #builder #developer #development #construction #quality #longterm #cost #loss #economics #NFIP #FEMA #ASCE2424 #publicsafety #publichealth #naturalhazard #disasters #engineering #infrastructure #residential #housing #communities #highrisk #MinimumStandards #floodzone #housing #floodlossreduction

#risk #hazard #legacyrisk #moralhazard #flood #flooding

The Moral Hazard of Minimum Standards [flood zones, etc]
--
https://www.floods.org/news-views/from-the-directors-desk/the-moral-hazard-of-minimum-standards/ <-- shared editorial
--
H/T @Association of State Floodplain Managers, Inc. (ASFPM)
“How can communities make the case for stronger floodplain management standards? [The author] explores the moral hazard concept and the hidden costs of weak standards.
How does the moral hazard argument for higher standards resonate with you? Does it, or would it, work in your state or community? What other arguments have you made for going beyond NFIP minimums?...”
--
“What is [a] moral hazard? The definition of a moral hazard is when a person or group takes more risks because they do not have to pay for the full cost of those risks. The connection here is essentially that weaker building rules mean developers can build cheaply in high-risk flood zones. If a flood ruins the property, government disaster aid, subsidized insurance, or public funds pay to fix or rebuild it..."
#risk #hazard #legacyrisk #moralhazard #flood #flooding #water #hydrology #buildingcodes #USA #floodzones #floodplain #floodplainmanagement #builder #developer #development #construction #quality #longterm #cost #loss #economics #NFIP #FEMA #ASCE2424 #publicsafety #publichealth #naturalhazard #disasters #engineering #infrastructure #residential #housing #communities #highrisk #MinimumStandards #floodzone #housing #floodlossreduction

#floodlossreduction #floodzone #minimumstandards #highrisk #communities #housing

💧🌏 Greg Cocks @GregCocks · 2026-09-22 · 04:06 UTC

The Moral Hazard of Minimum Standards [flood zones, etc]
--
https://www.floods.org/news-views/from-the-directors-desk/the-moral-hazard-of-minimum-standards/ <-- shared editorial
--
H/T @Association of State Floodplain Managers, Inc. (ASFPM)
“How can communities make the case for stronger floodplain management standards? [The author] explores the moral hazard concept and the hidden costs of weak standards.
How does the moral hazard argument for higher standards resonate with you? Does it, or would it, work in your state or community? What other arguments have you made for going beyond NFIP minimums?...”
--
“What is [a] moral hazard? The definition of a moral hazard is when a person or group takes more risks because they do not have to pay for the full cost of those risks. The connection here is essentially that weaker building rules mean developers can build cheaply in high-risk flood zones. If a flood ruins the property, government disaster aid, subsidized insurance, or public funds pay to fix or rebuild it..."
#risk #hazard #legacyrisk #moralhazard #flood #flooding #water #hydrology #buildingcodes #USA #floodzones #floodplain #floodplainmanagement #builder #developer #development #construction #quality #longterm #cost #loss #economics #NFIP #FEMA #ASCE2424 #publicsafety #publichealth #naturalhazard #disasters #engineering #infrastructure #residential #housing #communities #highrisk #MinimumStandards #floodzone #housing #floodlossreduction