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Bipartisan agreement to keep subsidizing seaside homes

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Flood insurance in the U.S. is basically a government affair, which means it isn't really run like a business. That is, taxpayers backstop it, and insurance plans have not been priced according to risk. In 2012, Congress passed a reform that would try to limit taxpayer exposure by pricing flood insurance plans according to risk. That is, if you build a house somewhere that is very susceptible...

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