http://www.freerepublic.com/focus/news/1641477/posts
Home Insurance Cancelled...You Too?
This never would never have happened if President Palmer was alive!
More seriously, I imagine this is the inevitable result of the government bailing everyone out of disaster who neglects to buy insurance. The insurance companies can bail out of a high-risk area and leave EVERYONE in the government's hands.
When we were still paying for our house we had to have flood insurance. Strangely I don't think there was much danger of a flood here above the dam.
One of the happiest days of my life was the day we were paid off and I could tell everybody to stick it. Now we get calls every day offering us a good deal on a second mortgage.