Managed retreat

After Hurricane Ida hit New Orleans in 2021, Kirt Talamo, a fourth-generation Louisianan, decided it was time to go. He sold his flooded home, purchased his grandmother’s former house on New Orleans’ west bank, which hadn’t flooded, and moved in. It felt good to be back within its familiar walls, but his mind was on the future. “My other house wasn’t supposed to flood, and now insurance costs are going through the roof; it’s bad,” he told us. “I wanted to keep my grandma’s place in the family, but I don’t know how much longer I can stay. I’d love to, but it’s unsustainable.” When hurricanes and other disaster strike, they often trigger presidential disaster declarations, opening the way for large sums of taxpayer money to flow to affected communities. Some of that money will go immediately to help people in need. Some will go to rebuild public infrastructure, like roads and levees. And some of it will...