"Insurance policies for extreme weather-related losses -- especially for floods and for coastal wind damage associated with hurricanes -- are not priced to refl

"Insurance policies for extreme weather-related losses -- especially for floods and for coastal wind damage associated with hurricanes -- are not priced to reflect the real risk ... as a result of government intervention in property insurance markets, through either rate regulation or direct government provision of subsidized insurance, private markets no longer generate price signals regarding the cost of living in severe-weather regions." https://repository.law.umich.edu/cgi/viewcontent.cgi?article=2751&context=articles https://repository.law.umich.edu/cgi/viewcontent.cgi?article...