[figglestar]

Isn't flood insurance already nationalized? My understanding was about 100 years ago these properties in flood zones were deemed un-insurable by the private industry and the government decided to fill in the gap, probably because a lot of wealthy landowners owned these properties.

https://en.wikipedia.org/wiki/National_Flood_Insurance_Progr...

Around here there is a local grocery store that has flooded requiring a complete gutting 3 times in the last 20 years. And they're rebuilding it again. Seems like insanity to me but if some one is willing to sell you subsidized insurance for this and there isn't an available plot of land infested with NIMBY red tape I can understand why they do it. I can't understand why anyone thinks this is a good way to set things up though.