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What is flood insurance and why the system is broken: 6 questions answered

  • Written by Robert W. Klein, Director, Center for RMI Research, Associate Professor, Risk Management and Insurance, Georgia State University
What is flood insurance and why the system is broken: 6 questions answeredHigh tides, whipped in by Hurricane Hazel in 1954, shattered boats and buildings in Swansboro, N.C.AP Photo, File

Editor’s note: Homeowners generally rely on insurance provided by the federal government to cover the costs of rebuilding their lives after a flood. We asked an insurance expert to explain the government program and its challenges....

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