[throwup238]

But the National Flood Insurance Program will, with plenty of federal bailouts.

Private insurers haven’t been willing to cover large parts of the south for decades. The NFIP was the backstop and already overstretched when Katrina hit New Orleans, which is when it first got bailed out. It’s been a downward spiral ever since.

[scoofy]

My understanding is that ever since around 2018, the NFIP's premiums must actually reflect the payouts.

[toomuchtodo]

The bond market will only accept this up to a point.

[toomuchtodo]

The bond market is telling us the free lunch is over - https://www.axios.com/2026/05/26/inflation-debt-oil-bonds - May 26th, 2026