This report outlines the role states play in paying for disasters and key findings about the approaches they take to budgeting for natural catastrophes. The intent is to help all levels of government be ready to meet immediate needs, cover the costs of long-term recovery efforts, and invest in preparedness and mitigation activities.
https://www.pewtrusts.org/-/media/assets/2020/05/how-states-pay-for-natural-disasters-in-an-era-of-rising-costs.pdf