Pulitzer Prize Winner Gilbert M. Gaul Discusses New Book About Storms On America's Coasts
Gilbert M. Gaul has twice won the Pulitzer Prize and has been shortlisted for the Pulitzer four other times. For more than thirty-five years, he worked as an investigative journalist for The Washington Post, The Philadelphia Inquirer, and other newspapers. He has reported on non-profit organizations, the business of college sports, homeland security, the black market for prescription drugs, and problems in the Medicare program.
In his new book "The Geography of Risk: Epic Storms, Rising Seas, and the Cost of America's Coasts," Gaul considers this: Five of the most expensive hurricanes in history have made landfall since 2005: Katrina ($160 billion), Ike ($40 billion), Sandy ($72 billion), Harvey ($125 billion), and Maria ($90 billion). With more property than ever in harm’s way, and the planet and oceans warming dangerously, it won’t be long before we see a $250 billion hurricane.
Because Americans have built $3 trillion worth of property in some of the riskiest places on earth: barrier islands and coastal floodplains. And they have been encouraged to do so by what Gaul reveals to be a confounding array of federal subsidies, tax breaks, low-interest loans, grants, and government flood insurance that shift the risk of life at the beach from private investors to public taxpayers, radically distorting common notions of risk.