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Sep 8
Many Americans Oppose Subsidizing Insurance For People In High-Risk Areas
The not-for-profit Insurance Research Council (IRC) conducted an online poll about whether “adult Americans opposed programs and policies that subsidize the cost of insurance for people in high-risk areas” according to nationalunderwriter.com

Respondents were asked to think of the National Flood Insurance Program as an example.  The majority of those surveyed, 59 percent, “indicated that it is unfair to use taxpayer dollars to subsidize the cost of insurance in high-risk areas.” 

In addition a majority of respondents found it “unfair to require policyholders in non-coastal areas of a state to subsidize the cost of insurance for wind damage in coastal areas” while “Sixty-seven percent of respondents also disagreed with the idea of using taxpayer dollars to subsidize the cost of insurance in order to encourage new construction in coastal areas.” 


The senior vice president of IRC commented on the findings, “Americans clearly want government to take steps to mitigate the damage from catastrophic natural disasters before they occur. This enthusiasm however, appears to stop at the front door of many households, as many homeowners have not pursued personal strategies to minimize the disruption and reduce the financial impact a natural disaster would cause.” 

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