Earthtalk

    Owners of homes within the coastal flood zone are up in arms over increases in flood insurance premiums (Front Page, Sunday Globe, 1-19-14).  After decades of having 55 to 60 percent of their annual premiums paid by the federal government, it is hard to feel sympathetic.  Since most properties effected are second homes, businesses, or homes with repeated flood damage it is all the more reasonable that owners pay the going rate for their insurance.  Market rates are high for a reason and risk takers simply have to accept the costs rather than being bailed out by tax payers.

Published in Sunday Boston Globe 1/26/14