It also laid bare the defects of a system of insurance that divided responsibility between
Citations (1)
- The Ascent of Money whole source · open book
It also laid bare the defects of a system of insurance that divided responsibility between private insurance companies, which offered protection against wind damage, and the federal government, which offered protection against flooding, under a scheme that had been introduced after Hurricane Betsy in 1965.
chapter: 4: The Return of Risk