R.J. Lehmann on incentives to develop flood-prone land

National Journal – ICLE Editor-in-Chief and Senior Fellow R.J. Lehmann was cited in a National Journal story about the Senate Banking Committee’s hearing on reauthorizing the National Flood Insurance Program. You can read the full piece (behind a subscriber firewall) here. 

R.J. Lehmann, senior fellow and editor-in-chief of the International Center for Law and Economics, argued for reforming the NFIP through a carrot-and-stick approach to prevent construction in floodplains from being eligible for coverage, and to provide incentives for building in lower-risk locations.