this post was submitted on 12 Jul 2023
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[–] Buelldozer@lemmy.world 5 points 1 year ago

It doesn't reduce the risk, it merely shares the cost across more people. You also don't seem to be aware that the Federal Government is already subsidizing Flood Insurance in Florida through the NFIP which is administered by FEMA. The people living there are already benefiting from distributed cost via direct contributions from Federal Tax money.