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Why is the damage so bad? Why is the total #economic #loss increasing year after year?

It's not because insurance costs are too high.

It's because people are building in flood plains. Homes, businesses, farms, whatever.

The name kind of gives it away - these are areas that regularly flood to some degree or other. It's natural and expected. And traditionally, people were smart about it, and didn't make significant improvements - buildings, etc - on such land.

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