The politics of it were the feds were not going to increase their subsidies and the price was skyrocketing. (just another example of a free market failure)
Actually, as a result of BW12, the subsidies are going away. I've been whining about this for about a year (we had a flood map change last year, too, to add to the whining), but everyone ignored it until now.... they're seeing premiums jump. In some cases astronomically. A $1500 policy is now around $8000 (pre-FIRM, under BFE). Grandfathering goes away maybe next year, and that means all the condo towers on the beach. Wait until they get hit with that hike... A lot of those folk have nothing better to do than sit in their congressman's office...
There was talk at the 9/24 meeting about secession from NFIP by the state but I doubt that's gonna happen. If rates were actuarially sound (and not subsidized) it would be a lot more likely...
