Federal flood insurance / Our own fiscal cliff - Press of Atlantic City: Press Editorials

Federal flood insurance / Our own fiscal cliff

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Posted: Friday, November 16, 2012 12:01 am

There was a time when premiums paid to the National Flood Insurance Program were enough to cover annual claims. Then came 2005 and Hurricanes Katrina, Rita and Wilma, which put the program $18 billion in debt, according to a New York Times story this week.

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