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Moral hazard

Congress faces a deluge in fixing flood insurance

by Jed Kim
Dec 15, 2017
The National Flood Insurance Program is set to expire on Dec. 22, in a year that's seen more than $100 billion in estimated damages.
A man walks through a flooded street as Hurricane Matthew passes through St. Augustine, Florida, on Oc. 7, 2016. The storm caused flooding in Virginia also.
Joe Raedle/Getty Images
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