Reinsurance has been a popular topic since Warren Buffet noticed.
But protecting these funds will exceed the resources of most regional governments. The Army Corps of Engineers is stepping in, as it did after the Depression with projects like the Tennessee Valley Authority or the Mississippi levees.
The recent news is the Army Corps proposes a 21st Century answer to control waterways and protect urban centers from the devastation of flooding – especially as global warming promises many storms ahead.
Am I teasing?