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But the National Flood Insurance Program will, with plenty of federal bailouts. Private insurers haven’t been willing to cover large parts of the south for dec
by throwup238 5mo ago
But the National Flood Insurance Program will, with plenty of federal bailouts.
Private insurers haven’t been willing to cover large parts of the south for decades. The NFIP was the backstop and already overstretched when Katrina hit New Orleans, which is when it first got bailed out. It’s been a downward spiral ever since.
- toomuchtodo 5mo agoThe bond market will only accept this up to a point.
- toomuchtodo 5mo agoThe bond market is telling us the free lunch is over - https://www.axios.com/2026/05/26/inflation-debt-oil-bonds https://www.axios.com/2026/05/26/inflation-debt-oil-bonds - May 26th, 2026
- scoofy 5mo agoMy understanding is that ever since around 2018, the NFIP's premiums must actually reflect the payouts.
- throwup238 5mo ago[dead]