Factoid/2017/06/02
From Beachapedia
< Beachapedia:Factoid | 2017 | 06
The National Flood Insurance Program is Effectively Bankrupt
- "Today, the NFIP is effectively bankrupt. It owes the U.S. Treasury nearly $25 billion – money it borrowed from federal taxpayers to cover its obligations in Sandy, Katrina (2005), and Hurricane Ike (2008). No one expects that money to be repaid." - excerpt from article at Climate Central.
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