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So the program broke even for 36 years, then started running up debt in the early 2000s...because of more severe weather. As sea levels rise and weather gets m
by mrfredward 8y ago
So the program broke even for 36 years, then started running up debt in the early 2000s...because of more severe weather.
As sea levels rise and weather gets more severe, this program will become much more expensive.
- Retric 8y agoIt's really hard to tell how much of the last 15 years is unusual vs the new normal. Presumably things can be adjusted for with slightly increased premiums as it's still very close to break even for now.