re: #362 kirkspencer
Actually there is a flood insurance market. It’s just that the rider is very expensive, and unless you happen to live in an area that not only requires it but for which law and regulation have the government making it happen, most people don’t bother.
That’s what I mean. There’s no effective flood insurance market. It doesn’t work. And I’m not aware of any place that requires flood insurance where it’s not also subsidized by the government.