Tag: climate risk
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Flood insurance through FEMA subsidizes building where nobody should build
The National Flood Insurance Program subsidizes construction in places that flood repeatedly. The result is a policy that worsens the risk it was created to manage.
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Florida’s insurance market is already dead
Florida’s home insurance market doesn’t function as a market anymore. Insurers have left, premiums have spiked, and the state is the insurer of last resort for millions.