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Maggie Jetson
CNBC
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Comments by "Maggie Jetson" (@maggiejetson7904) on "Why Flood Insurance Is Failing The U.S." video.
@OtakuSanel Insurance profit margin is usually 3-7% of the premium max. They always make money as they also co-insure with others, so it is a stable predictable low profit income.
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@kaasappel123 They need to elevate the home using ancient technology. People in the old days don't build on the ground and then buy insurance policy, hoping that it will never flood.
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Insurance only move numbers around. What needs to happen is a redevelopment that is designed to tolerate higher water level and stronger more frequent hurricanes.
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and let it crash into another floating house
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