FAIR plans - for fair access to insurance - subsidies dupe people into moving into bad places [View all]

https://www.npr.org/2024/03/26/1239904742/how-climate-driven-migration-could-change-the-face-of-the-u-s

And so Florida devised a state-run insurance plan that would make insurance available to any homeowner who wanted to buy it through the state. And eventually they promised to discount that plan so that it would actually be cheaper than what the free market insurance was providing. Systems for insurance like that have now been replicated in about 30 states across the country. They're called FAIR plans - for fair access to insurance - and it has essentially made it less expensive for Americans to move into places that are threatened by hurricanes, threatened by wind damage, threatened by flooding. In some cases, though, you mentioned, flooding is now covered by the federal government, another form of that subsidy.