Congress Let NFIP Off Hook for $16B Debt, Despite Less Than $10B in Claims

By | July 9, 2018

  • July 16, 2018 at 9:06 am
    PolarBeaRepeal says:
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    I hope someone in Congress can step up to the plate and set this program on a pathway that leads to private industry takeover of 95% of the risks, on an ‘actuarial’ (i.e. adequate and sustainable in the future) rates basis. Further, multiple risk mitigation efforts are needed to help communities to deal with the flood risk on a local basis, with a small residual NFIP program using coordinated reinsurance via private and federal programs.

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