Insurance And Coastal Development

FEMA may subsidize coastal sprawl in hurricane areas, since market rate insurance would be too high for most.
September 22, 2003, 12pm PDT | Abhijeet Chavan
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Why has there been an explosion of expensive housing all across hurricane country? Commentator David Helvarg says, "Ironically, the biggest driver of high-risk coastal sprawl is the Federal Emergency Management Agency." So, the feds assume the risk.

Thanks to Jason Burke

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Published on Friday, September 19, 2003 in Marketplace
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