This planet money episode seems relevant : https://www.npr.org/sections/money/2017/09/29/554603161/episode-797-flood-money https://www.npr.org/sections/money/20

This planet money episode seems relevant : https://www.npr.org/sections/money/2017/09/29/554603161/episode-797-flood-money https://www.npr.org/sections/money/2017/09/29/554603161/epis... Yeah, no private insurance company will knowingly insure houses in those flood prone areas that are pretty much guaranteed to flood. With the subsidized government insurance, people keep on rebuilding and collecting that free money.