All of the details listed in this article / blog point to the key reason why the NFIP should be gradually phased out. It would end with a high risk pool that could be turned over to the private insurance industry to manage and subsidize FAIRLY by other, low flood risk policies, instead of on the backs of US taxpayers, many of whom are NOT exposed to the flood peril.
It specifically points to many aspects of partisan politics, which create inertia, and solve no long term problems. This is another reason to get the federal govt out of the business of insurance, whether it be flood or health or the VA or Medicare. The private sector SOLVES long term problems rather than subsidize and perpetuate them.
All of the details listed in this article / blog point to the key reason why the NFIP should be gradually phased out. It would end with a high risk pool that could be turned over to the private insurance industry to manage and subsidize FAIRLY by other, low flood risk policies, instead of on the backs of US taxpayers, many of whom are NOT exposed to the flood peril.
It specifically points to many aspects of partisan politics, which create inertia, and solve no long term problems. This is another reason to get the federal govt out of the business of insurance, whether it be flood or health or the VA or Medicare. The private sector SOLVES long term problems rather than subsidize and perpetuate them.