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How does the new windstorm coverage avoid the financial problems of the existing flood insurance program?

April 26, 2017avoid coverage existing financial flood Insurance problems program Windstorm

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How does the new windstorm coverage avoid the financial problems of the existing flood insurance program?

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The bill requires the new coverage to be priced at actuarially sound rates. The flood program has intentional subsidies for properties that were grandfathered in because they were built before the flood maps were implemented. The new windstorm coverage does not include any subsidies.