Four months before Hurricane
Sandy hit the East Coast, President Obama quietly signed
legislation expanding the federal program that offers
axpayer-subsidized flood insurance to ocean-front homeowners.
The extension of the flood insurance law was a textbook example
of how the system in Washington works, or doesn’t work. Though
billions of dollars and hundreds of thousands of lives were at
stake, the extension got virtually no mainstream press attention.
The fact that Hurricane Sandy was downgraded before it made landfall on the East Coast will save homeowners potentially thousands of dollars in home insurance deductibles.
With Hurricane Sandy batters the East Coast, President Barack Obama has opted to cancel campaign events in battleground states in order to monitor the situation on the ground. With the president preparing to leave Florida after canc...
Some insurers won’t pay up to Superstorm Sandy victims, telling them the damage to their homes was caused by flooding, which is only covered under the federal flood insurance program. Several hundred people whose homes were destroye...
At 8 p.m. ET tonight, Reason Editor in Chief Matt Welch will go on Fox Business Network's "Freedom Watch" program to talk about asinine federal policies in place before a hurricane (or fire, or flood) hits. Related reading: Welch on...