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Senate Advances Renewal of Flood Insurance without Wind Coverage

National News • May 7, 2008
A bill to renew the National Flood Insurance Program (NFIP) passed a key test vote in the U.S. Senate Tuesday, with aides saying they expected final action on the legislation before the end of the ...

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Subject: NFIP debt

Posted On: May 7, 2008, 2:44 pm CDT
Posted By: Lotus Blossom
Comment:
The article states 'while forgiving a $17 billion NFIP debt run up by the Federal Emergency Management Agency after 2005's Hurricane Katrina'.

I don't understand the concept of 'forgiving' a debt that large. Where did the money come from in the first place? Who loses when it is 'forgiven'?
Subject Posted By Posted On
RE: NFIP Gill Fin
May 8, 2008, 3:34 pm
NFIP Barry Woods
May 8, 2008, 12:59 pm
who loses? Those of us who don't need flood or wind Gill Fin
May 8, 2008, 12:11 pm
RE: RE: who loses? Barry Woods
May 8, 2008, 10:37 am
RE: who loses? ad
May 7, 2008, 4:17 pm
who loses? Key West Agent
May 7, 2008, 4:06 pm
NFIP debt Lotus Blossom
May 7, 2008, 2:44 pm
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