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Wrong Approach

Flood insurance rates not a one-size-fits-all

February 21, 2014
Parkersburg News and Sentinel

Federal law takes a blanket approach to requirements for participation in the National Flood Insurance Program. The idea was, ostensibly, to protect homeowners from the financial ruin a flood can bring. But all floods are not alike, and it is no surprise the federal program now finds itself heavily in debt, still reeling from events like superstorm Sandy and even Hurricane Katrina.

 
 

 

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