It’s 18 billion in debt and insurance companies get paid to administer the program. Another case where the federal gov must provide a market via the public option. They should phase out the program. It encourages development in flood areas by guaranteeing bank loans. No new policies in high hazard zones. If the bank wants to risk is capital in flood zones let them get private flood insurance.
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It’s 18 billion in debt and insurance companies get paid to administer the program. Another case where the federal gov must provide a market via the public option. They should phase out the program. It encourages development in flood areas by guaranteeing bank loans. No new policies in high hazard zones. If the bank wants to risk is capital in flood zones let them get private flood insurance.