Our National Flood Insurance Program Is a Trainwreck – Mother Jones
Private brokers enjoy a generous cut, despite low participation and mountains of debt.
Source: motherjones.com
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Private brokers enjoy a generous cut, despite low participation and mountains of debt.
The government’s flood insurance program is plagued by low participation rates and is deep in debt. How it's run has often drawn scrutiny.
Cutting payments to brokers, or selling policies directly to consumers, could save millions. FEMA says it’s not quite that straightforward.
Cutting payments to brokers or selling directly to consumers could save millions. FEMA and insurance companies say it’s not that straightforward.