Governing floods and riots: insurance, risk, and racism in the postwar United States

"In the late 1960s, the United States Federal Government resorted to publically funded insurance systems to deal with two quite different problems: floods and riots. Both programs were administered by the same agency, both relied heavily on the spatial mapping of risk, and both were haunted by problems of moral hazard. Curiously, and most importantly, however, riots as well as floods were viewed a…