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Run Time: 25:59

Why Now Is Time to Privatize Flood Insurance

The private sector is well-positioned to take on flood risk now, according to Ben Walter, president and CEO of insurer Hiscox USA. But politics keep getting in the way of privatization. In this discussion with Wells Media's Andy Simpson, Walter explains why he thinks this is a good time to privatize flood insurance and urges policymakers to take a fresh look, learn from earthquake and terrorism experiences, and make the tough political choices in this discussion of flood risk, private insurance and politics.

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