By eliminating federal disaster relief.

An interesting argument. I know that a lot of people are being priced out of the housing market here in south Florida by outrageous and rising insurance costs. Basically, it’s another form of outlawing gambling. Of course, the mortgage companies are driving this as well, for obvious reasons. The question is whether or not they’re properly assessing the actuarial risk, and how much federal regulation is preventing the market from working by not allowing an insurance company to take a flier by offering offering lower rates. Or maybe, the market is finally recognizing the risk of building in such places.