Here’s another perspective on flood insurance. Gerald Galloway, an engineering professor at the who studies floods, and advises the government on how to deal with them says, there are flood-prone places like Louisiana that suck up a big share of FEMA’s flood money. “But thirty-five percent of our nation’s oil and gas comes from the Gulf Coast, and these people live in some form of risk. It is not a flood insurance program,” Rather, Galloway says. “it is a program to maintain the viability of communities and their economy.”
Thursday, January 9, 2014
Another perspective on flood insurance
Excerpt from Beachcomber Column....