Jim Yanik wrote:
Stephen Harding wrote in
Paying for government to insure people who live of flood plains or
barrier island?
Actually,the gov't doesn't insure them,the private insurance companies do.
Check out the National Flood Insurance Program (Fed Gov't).
Basically they extend insurance to people living in uninsurable
locations like flood plains of major rivers (e.g. Miss/Mo Rivers)
or barrier islands.
Without the program, businesses and housing wouldn't be built there
because of the high insurance costs.
And yes, it's a losing effort. Mother Nature is relentless.
SMH
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