The private insurance companies have gotten out of the flood insurance game long ago, leaving the government-backed US flood insurance program as the only game

The private insurance companies have gotten out of the flood insurance game long ago, leaving the government-backed US flood insurance program as the only game in town. And it's got a lot of bad incentives. A quick summary is in https://www.apnews.com/d6a3852a6dd34a8c90a5a1acc0d0afaf https://www.apnews.com/d6a3852a6dd34a8c90a5a1acc0d0afaf, but that's just scratching the surface.