Lack of Regulation Has Costly Outcomes

From Reuters, yet another take on the costly and sometimes tragic outcomes from lack of regulation and the problems of the National Flood Ins. Program. See: Unfettered building, scant oversight add to cost of hurricanes in U.S.

In the wake of a ferocious storm season, Reuters finds that homes built in violation of flood-mitigation rules add to the billions of dollars in claims on the already-broke federal flood insurance program