The last go around the govt bought out a lot of properties that were in a flood plain. Now in my area, they haul in 3 feet of dirt to build on the flood plan and cause that water to flood other properties.
But what many Americans may not know is that this $1.3 billion was a bill footed by the federal government, which underwrites the vast majority of flood insurance across the nation. Historically, insurance companies have been wary of offering flood insurance to homeowners because the risks associated with flood insurance are difficult to forecast, so any private insurance that had been offered was prohibitively expensive for average homeowners.