I await the doubters arrival to discredit this report, which buttresses many past calls (mine and by others) for avoidance/ mitigation of flood risks to lessen the impact of high risk flood plane risks on NFIP. The ‘surprise’ may be due to the pessimism over the rate of return on the investment of mitigation on claim amounts. I suspect that is due to the frequency of loss being higher than ‘personal perception’ relative to the reality of stealthily upward creeping exposures (dwellings) built in flood plains. IOW, we don’t see the changes, day to day, and presume the current day is more like the past than is the case.
I await the doubters arrival to discredit this report, which buttresses many past calls (mine and by others) for avoidance/ mitigation of flood risks to lessen the impact of high risk flood plane risks on NFIP. The ‘surprise’ may be due to the pessimism over the rate of return on the investment of mitigation on claim amounts. I suspect that is due to the frequency of loss being higher than ‘personal perception’ relative to the reality of stealthily upward creeping exposures (dwellings) built in flood plains. IOW, we don’t see the changes, day to day, and presume the current day is more like the past than is the case.
Tax cuts- I’m curious as to how many flood policies you wrote in 2017?
NFIP writes flood policies. Private carriers write WYO policies, the count of which is privileged info.
“Privileged info” sounds a lot like “0” to me.
https://www.dailywire.com/news/25738/irs-paid-20-million-collect-67-million-tax-debts-joseph-curl#