Insurance And Coastal Development

FEMA may subsidize coastal sprawl in hurricane areas, since market rate insurance would be too high for most.

1 minute read

September 22, 2003, 12:00 PM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

Why has there been an explosion of expensive housing all across hurricane country? Commentator David Helvarg says, "Ironically, the biggest driver of high-risk coastal sprawl is the Federal Emergency Management Agency." So, the feds assume the risk.

Thanks to Jason Burke

FULL STORY: David Helvarg commentary on FEMA and high risk coastal development

Friday, September 19, 2003 in Marketplace

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