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RE: Flood Aid in Louisiana: What Role Should the Government Play?
Reasonable questions. However do we want something as untrustworthy as government taking over the role a private enterprise could do more efficiently?
Well, isn't the private enterprise of homeowner's insurance supposed to do it? Except it doesn't, because if you don't get all the rights part on your policy, you can be denied coverage. And just where can someone live now where some natural disaster or another doesn't strike? If you look at the role of climate change, maybe the manufacturers who polluted the world should be billed for these increasingly severe weather occurrences. That environmental cost never seems to get paid.
And most of the time insurance companies will also find a way to avoid claims.