Monday, October 29, 2012

Ira Stoll on Expanded Flood Insurance Subsidies for Beachfront ...

Four months before Hurricane Sandy hit the East Coast, President Obama quietly signed legislation expanding the federal program that offers taxpayer-subsidized flood insurance to ocean-front homeowners.

The extension of the flood insurance law was a textbook example of how the system in Washington works, or doesn?t work. Though billions of dollars and hundreds of thousands of lives were at stake, the extension got virtually no mainstream press attention. It was covered extensively, however, in Insurance Journal, a trade publication that caters to the industry with?headlines?such as ?Agents, Insurers Cheer Congress OK of Flood Insurance Reform Bill.?

Source: http://reason.com/blog/2012/10/29/ira-stoll-on-expanded-flood-insurance-su

cheney heart transplant weather san diego unitarian new black panther party lost in space elizabeth banks battle royale

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.