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Craig Fugate: A smarter way to fund disaster recovery in America

from Tampa Bay Times

From Jan. 5: As Hurricane Matthew brushed along the East Coast last fall, it left a trail of destruction across the mid-Atlantic. The storm left dozens dead and billions of dollars in damage in its wake. In North Carolina alone, record rainfall caused flooding so severe that experts categorized it as a "1,000-year event." A disaster of such magnitude — statistically — should only occur once in multiple lifetimes. more


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