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How Florida’s Flood Market Has Helped Development of Other Southeast States

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Southeast states are looking to protect their residents from the ever-growing and costly threat of flood damage. Florida, which passed legislation in 2014 to encourage private insurers to offer coverage in the state, has served as a model for others in the Southeast as they look to reduce the flood insurance uninsured rate in their states. In this interview with Florida Insurance Commissioner David Altmaier, he discusses how Florida's private flood market has grown, the challenges of educating consumers on their risk, and why he thinks changes to the National Flood Insurance Program could be a boon to private market development.

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