After Harvey and Irma, what’s the future of flood insurance?
Clip: 9/21/2017 | 10m 29sVideo has Closed Captions
This hurricane season has caused widespread damage.
This hurricane season has caused widespread damage and left some parts of the U.S. and its territories in complete ruins. The National Flood Insurance Program was created in the 1960s to insure high-risk areas like these. But by bailing out homeowners, is the program encouraging people to live in flood-prone areas? Economics correspondent Paul Solman explores the problems plaguing this program.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
After Harvey and Irma, what’s the future of flood insurance?
Clip: 9/21/2017 | 10m 29sVideo has Closed Captions
This hurricane season has caused widespread damage and left some parts of the U.S. and its territories in complete ruins. The National Flood Insurance Program was created in the 1960s to insure high-risk areas like these. But by bailing out homeowners, is the program encouraging people to live in flood-prone areas? Economics correspondent Paul Solman explores the problems plaguing this program.
Problems with Closed Captions? Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...