Since 2000, flooding has been the most common and costly natural disaster in the U.S., accounting for more than $845 billion in damage and affecting all 50 states. Floods are straining federal resources and driving states and localities to identify ways to manage these heightened risks and costs. The Pew Charitable Trusts and RPA co-hosted a briefing on the innovative ways cities and states are securing funding to pay for risk reduction. Experts discussed the challenges communities face in planning for risk and examined some of the proactive policy solutions being used across the country.