Our View: Congress Should Discourage Building in Disaster's Path

Summary

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With the advent of home insurance, everyone could have a piece of paradise

For centuries, for good reason, folks were careful about where they built their homes: Not in floodplains. Not too close to the seashore. And not in the deep woods. Sad experience with floods, hurricanes and fires long served as a warning: If disaster strikes, you could lose it all -- and maybe your lives as well.

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Extract

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Our View: Congress Should Discourage Building in Disaster's Path

But with the advent of home insurance -- and lenders' demands that buyers carry policies, at least until the mortgage is paid off - - came the mass move onto sunny beaches, romantic riverba...

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