Wednesday, January 1, 2014

Federal Flood Insurance Program Drowning in Debt. Who Will Pay?

hide captionEven when a flood obliterates homes, as Superstorm Sandy did in 2012 in the Rockaway neighborhood of Queens, N.Y., the urge to rebuild can be strong.


Spencer Platt/Getty Images

Millions of American property owners get flood insurance from the federal government and a lot of…

Federal Flood Insurance Program Drowning in Debt. Who Will Pay?




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