New York, NY improves post-flood financial resiliency for low-income households with insurance pilot

New York, NY post-flood financial resiliency insurance pilot

In Progress

The New York City Mayor's Office of Climate Resiliency has partnered with the the Center for New York City Neighborhoods and the Wharton Risk Management and Decision Processes Center at the University of Pennsylvania to improve post-flood financial resiliency for low-income households. The project uses innovative parametric insurance program pilots and capacity building within the city to harness risk-transfer markets and ensure disaster victims are paid quickly and effectively.

Risk Management Disaster Recovery / Continuity of Operations Low-income Housing Public Private Partnership (PPP)Resiliency Pilot / POC

New York, NY

Municipality in New York

United States

Newsworthy

Building Resilience for Low-Income New Yorkers Post-Disaster

A New York City project seeks to improve the post-flood financial resiliency of low-income households with parametric insurance programs so disaster victims are paid quickly and can spend money where it’s needed most.

NYC Announces Flood Insurance Pilot After Lessons of Hurricane Ida

NYC has announced a pilot program to get insurance for vulnerable homes after flood-hit NYers were left out of pocket due to Hurricane Ida.

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New York, NY improves post-flood financial resiliency for low-income households with insurance pilot

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