Bloomberg: Taxpayers need break from underwater flood insurance ...

Flooded homes in Tuckerton, N.J., after Hurricane Sandy made landfall on the southern New Jersey coastline. (Source: US Coast Guard)

According to Bloomberg View, it?s no surprise that Florida, with its vast coastline, is where more than a third of the 5.6 million flood policies have been sold. Hurricane Sandy is forcing a re-evaluation?of?climate change,?seawalls and the nation?s power grid. It should also prompt a re-examination of federal flood insurance.

For the complete story: http://www.bloomberg.com/news/2012-11-11/u-s-taxpayers-need-break-from-underwater-flood-insurance.html

Source: http://martincountytimes.com/bloomberg-taxpayers-need-break-from-underwater-flood-insurance

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