Hurricane Katrina was a pivotal event in the history of disaster mismanagement. Its impact will be felt well into the future and its lessons will be applied around the world. This influential volume explores key policy implications arising from the storm and its aftermath. Leading scholars from fields as diverse as decision analysis, risk management, economics engineering, transportation, urban planning and sociology investigate the policy issues associated with insurance, flood control and the rebuilding of levees, housing, tourism, utility lifelines recovery and resilience, evacuation, relocation and racial implications. By assessing the disruption of life in New Orleans, as well as the inter-regional economic impacts of the disaster, the authors suggest steps that can be taken to minimize future risks, not only in New Orleans but also in all locations threatened by natural disasters. It then goes beyond Katrina to explore experiences and responses to similar events in other parts of the world. Another important feature is a discussion of the overlap between terrorist-initiated disasters and natural disasters. The issues raised by Katrina are very complex and teasing out successful policy implications is far from easy. This book is a major advance towards that goal. Academics interested in the economics, policy, and planning aspects of natural and man-made disasters, specialists in emergency management and policymakers will find the insights and prescriptions offered here invaluable.