In the News Don’t wipe out flood insurance reform
And those who benefit most from the continued subsidy are likely those who need help the least. Two-thirds of subsidized policies are for properties in counties where home values are among the top one-third in the nation (while less than 1 in 10 of subsidized polices are for properties in counties in the bottom third of home values). According to the R Street Institute, homeowners in those wealthy counties file nearly four times as many claims and received $1 billion more in claims payments than the poorest counties between 1998 and 2008.
