Governments insure a lot of things, some that are arguably idiotic. The US gov insures people who build houses right on the coast. The homeowners couldn't affor

Governments insure a lot of things, some that are arguably idiotic. The US gov insures people who build houses right on the coast. The homeowners couldn't afford private insurance since the expected costs would be astronomical. So the Gov steps up. Same with New Orleans, built on an unsustainable location. So every decade or so, the Gov chips in a couple hundred billion so people can go to Mardi Gras...