Paying for Future Catastrophes - NYTimes.com

Those who live in nonrisky areas are subsidizing the choices of others. Take residential flood insurance. Most insurers refuse to cover the risk, so the National Flood Insurance Program, run by the Federal Emergency Management Agency, was established in 1968 with subsidized rates for those then living in flood-prone areas.

Paying for Future Catastrophes - NYTimes: An opinion on how the insurance industry and governments should enforce individual responsibility in those who select (as they would have it) to live in what are or become high-risk areas.