Libertarians have been begging for this. Let the free market set flood insurance prices. The only reason people live in these high risk areas is because the tax

Libertarians have been begging for this. Let the free market set flood insurance prices. The only reason people live in these high risk areas is because the taxpayer backstops all those insane losses. Let everyone who currently has a plan keep it. Any new residents must use private insurance. After a disaster, those that had government flood insurance will be paid out one final time then be obligated to move or use private insurance.