When President-elect Donald Trump said, he wanted to "drain theswamp," he may not have been referring to the sinking federal flood insurance program.

However, it is likely the nationalization of the flood insuranceindustry and years of federal interference in the sale of privateflood insurance will not go unnoticed.

The government monopoly on flood insurance has been a majorimpediment to the growth of the private flood insurance market andhas only exacerbated the $23 billion debt the National Flood Insurance Program owes taxpayers. Itseems foreseeable that a Trump administration will act to correctsuch needless waste.

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