For the simple reason that Insurance Companies are in fact ripping them off, not only in premiums, but in benefits is the examplke of flood insurance. In relations to what does it have to do with Obama care, guess where the only coverage for flood insurance comes from. Try the U.S, Government.
Need to check your facts. The Gov't requires flood ins in certain instances. They do not sell flood insurance. All premiums are written to insurance companies.
Obamacare HEALTH ins is not and has nothing to do with FLOOD ins.
The only coverage is from the US Gov't? You are supremely dumber and dumber than I thought. Might want to see what Chubb; AIG; Chartis; Fireman's Fund; and Lloyds is selling lately...just to name a few. And I don't see the US Gov't name in any of those private company names.