Federal Reserve Bank of Richmond: "When the Mortgage Becomes the Backup Plan: Debt and Disaster Insurance"
July 13, 2026
July 13, 2026
RICHMOND, Virginia, July 13 (TNSLrpt) -- The Federal Reserve Bank of Richmond issued the following economic brief (No. 26-22) in July 2026 by Toan Phan entitled "When the Mortgage Becomes the Backup Plan: Debt and Disaster Insurance".
Here are excerpts:
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Property insurance is critical for managing natural disaster risk, particularly for homeowners whose homes are their biggest asset.1 Yet, for specific perils like flooding -- one of the costl . . .
Here are excerpts:
* * *
Property insurance is critical for managing natural disaster risk, particularly for homeowners whose homes are their biggest asset.1 Yet, for specific perils like flooding -- one of the costl . . .