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PBS News Hour
After Harvey and Irma, what’s the future of flood insurance?
This hurricane season has caused widespread damage and left some parts of the U.S. and its territories in complete ruins. The National Flood Insurance Program was created in the 1960s to insure high-risk areas like these. But by bailing out homeowners, is the program encouraging people to live in flood-prone areas? Economics correspondent Paul Solman explores the problems plaguing this program.
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