Texas A&M Law Review Volume 6 Issue 2 3-2019 Managing Hurricane (And Other Natural Disaster) Risk Robert Jerry II University of Missouri School of Law,
[email protected] Follow this and additional works at: https://scholarship.law.tamu.edu/lawreview Part of the Disaster Law Commons, Environmental Law Commons, and the Water Law Commons Recommended Citation Robert Jerry II, Managing Hurricane (And Other Natural Disaster) Risk, 6 Tex. A&M L. Rev. 391 (2019). Available at: https://doi.org/10.37419/LR.V6.I2.3 This Article is brought to you for free and open access by Texas A&M Law Scholarship. It has been accepted for inclusion in Texas A&M Law Review by an authorized editor of Texas A&M Law Scholarship. For more information, please contact
[email protected]. \\jciprod01\productn\T\TWL\6-2\TWL206.txt unknown Seq: 1 15-FEB-19 10:24 MANAGING HURRICANE (AND OTHER NATURAL DISASTER) RISK by: Robert H. Jerry, II* TABLE OF CONTENTS I. INTRODUCTION .......................................... 391 R II. THE ELEMENTS OF NATURAL DISASTER RISK MANAGEMENT AND RECOVERY ......................... 402 R A. The Current “National Preparedness” Framework . 402 R B. Insurance and the National Preparedness Framework.......................................... 407 R 1. Recovery, Prevention, and Mitigation .......... 407 R 2. Ex Ante Risk Management and Ex Post Damage Relief.................................. 411 R 3. Private Versus Public Risk Management ........ 412 R C. The Natural Disaster Risk Management-Recovery Matrix .............................................. 413 R III. HURRICANES, THE MATRIX, AND NATURAL DISASTER MISMANAGEMENT ....................................... 415 R A. Underinvestment in Prevention ...................... 416 R B. Limitations of Private Insurance .................... 427 R C.