New research suggests that shrinking the National Flood Insurance Program into separate, state-run systems could actually make it harder to recover from major disasters. The study introduces the idea of hyperclusters — large, connected flood events driven by the same weather systems — and shows why spreading risk across the entire country makes insurance programs more financially resilient.

The ASU Foundation for a New American University raised $470.3 million in new gifts and commitments in fiscal year 2026, which ended June 30. Donor support funded more than 770 new scholarships, established 64 new endowments and grew ASU's endowment beyond $2 billion.