By SEAN REILLY
Washington Bureau
WASHINGTON — They may not appreciate it when paying their premiums, but for many Alabamians, the federal flood insurance program has been a sweet deal.
Maybe too sweet, according to a new study that found Alabama policyholders have reaped three times more in claims than they paid in premiums over the last three decades.
From 1978 to last year, the difference amounted to more than $746 million in inflation-adjusted dollars, the Government Accountability Office, a congressional watchdog agency, concluded in the study released this month.
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