The $24 billion flood insurance shortfall is due to the bureaucracy and “mismanagement” of the FEMA.

“Only 44% of our premiums actually go toward paying of our claims,”

Kasimos contends that out-of-control expenses – and litigation defense – are contributing to the insurance program debt.

https://www.mainstreet.com/article/flood-insurance-crisis-if-the-high-water-doesnt-get-you-the-high-premiums-might

monopoly

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