That is not an entirely fair assessment. Due to poor flood control measures and building where you should not, home owners insurance was going to become unavailable. So in the event the federal government became the sole providers and underwriters of home owners flood insurance in 1968. It has been a line of red ink.
Now when I did have a flood in 1979, federal flood paid well. Because of losses federal flood will only now pay for the electric panel, furnace and hot water heater. The rest in the basement is at owners expense.
Sewer back up, but not ground water flooding is covered by home owners insurance if you have paid for that option.
Having sat on the board of an insurance company and been its treasurer, I know you can get into a situation where your actuaries can show that the insurance model can not work. That is what has happened in the flood insurance market. Insurance companies can not print money and have to stay solvent by law.
A few years ago there was an insurance conference in Minneapolis. There was a warning that Tornado insurance in the midwest may not be able to be provided much longer.
So I'm building an ICF concrete house complete with over sized roof trusses and hurricane clips.
The time for building stick homes in the US is OVER.
Flooding and its prevention are highly emotionally and therefore politically charged.
Fargo is a mega flood event waiting happen. It is no secret the Corps like dikes and try and shut down better approaches.
The only feasible option, exactly like Winnipeg because of all the rivers entering, is a mixed flow diversion, like Winnipeg.
The corps put it about that this would raise river levels down stream by up to 16 ft, whereas they are neutral to downstream levels.
So I'm going to post this
link my letter to the Grand Forks Herald, and my subsequent brief requested by the mayor of Fargo. I'm sure some or many of the links are out of date, but you will get the drift.
Well the corps true to form either on purpose or stupidity designed a crazy over the top diversion scheme instead of a split. Minnesota went to court and now the Corps have finally submitted a sensible split flow project for Fargo/Moorehead. This now looks on track for approval with no serious opposition, at least that is what I hope.
If you conclude that flood control is a very difficult issue, then you are correct.