3 ms·
There's a perverse incentive here - the US flood insurance program is heavily government subsidized and the government is already loosing money hand over fist r
by legitster 2y ago
There's a perverse incentive here - the US flood insurance program is heavily government subsidized and the government is already loosing money hand over fist rebuilding homes in flood zones.
- toomuchtodo 2y agoProgress is being made in accurately pricing this risk and exposing consumers to this signal, but there are still stakeholders attempting to slow this progress (unfortunately). https://www.eenews.net/articles/flood-insurance-rates-will-soar-in-some-areas-fema-says/ https://www.eenews.net/articles/flood-insurance-rates-will-s... https://www.fema.gov/flood-insurance/work-with-nfip/risk-rating/single-family-home https://www.fema.gov/flood-insurance/work-with-nfip/risk-rat...
- legitster 2y agoWell, and I think at the end of the day, the government is still insuring properties that have no right to be getting insurance.