re: FEMA raising flood insurance rates in Southwest Florida, blames bad Hurricane Ian rebuild

NFIP is government backed flood insurance that is subsidized below private market rates. NFIP has government controls on how it can calculate risk and also on the policy rates and coverage amounts. NFIP will state that it's rates are actuarial sound - but that's based on constraints like $250k max coverage that the private market does not have to follow.

If you're against government subsidies then you should be for penalties that add additional risk and policy exposure to the NFIP.