Public vs. Private, part II
Bart Hinkle
October 25, 2006 9:00 AM
Underscoring the point of the previous post is this piece from USA Today.
Excerpt:
[T]he program encourages development in areas subject to flooding — not just in New Orleans, but everywhere — by offering insurance at bargain rates in areas where private insurers fear to tread. That increases the population in vulnerable areas, leading to more costly disasters.
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