Those living in low-risk regions pay for this in artificially high premiums.) Federal flood insurance pays for storm surge damage, and like private insurance, its rates do not reflect the true risk.

Now that consumers are faced with dramatically higher gasoline and energy prices, the insurance industry shouldn’t try to pass on the higher costs of risky policies to the vast majority of consumers who live in low-risk areas,” said AFM’s Tom Borelli.”The notion of manmade global warming is junk science,” said Milloy.

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