On The O’Reilly Factor on Nov. 1, John Stossel, former correspondent for ABC’s 20/20 and current host of the Fox Business Network show Stossel, said that “the government should stop insuring areas” prone to disaster.
“What if nobody wants to insure you?” O’Reilly asked.
“Then you take your own risk. Then the private insurance market is saying, you live in a risky place, don’t build there.”
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