Great analysis of major long term problems with the National Flood Insurance Program

I did not write this article and in fact credit Kelly of our office for finding it. We both do a lot of reading to keep up, and of course we are following the events in Houston with great interest.

Anyway, this article describes how government subsidized flood insurance is only a band-aid and in the long run is making matters much worse:

http://theweek.com/articles/721185/perverse-incentives-national-flood-insurance-program