“From its inception and until recently, the best thing the National Flood Insurance Program had going for it was a run of good luck. Even with such good fortune, however, the program could not avoid running in the red on some occasions.”
– Sen. Richard Shelby, R-Ala., chair of the U.S. Senate Committee of Banking, Housing and Urban Affairs, discussing the need for National Flood Insurance Program reform.
Was this article valuable?
Here are more articles you may enjoy.
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
Maine Plane Crash Victims Worked for Luxury Travel Startup Led by Texas Lawyer 
Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk From This Issue
