Despite efforts by the Federal Emergency Management Agency (FEMA) and U.S. Senators Christopher Bond of Missouri and James Inhofe of Oklahoma, a proposal to require local and state government entities to insure public buildings was defeated on Oct. 3. The proposed mandate met fierce opposition from California’s entire 52-member House delegation. California, they claimed, would be more seriously affected by the requirement than the rest of the country, due to potentially serious damage inflicted by even moderate earthquakes. An amended bill with the insurance provision taken out was presented on the floor of the House soon after the defeat of the original. It remains to be seen whether the amended measure will pass. In the meantime, FEMA has consented to devote additional study to the matter.
Was this article valuable?
Here are more articles you may enjoy.
Morgan & Morgan Plans to Spend $1B on AI Platform in Coming Years 
Insurance Companies Join Letter to Push TPLF Disclosure in Federal Courts 
Buffett Steps Down as Berkshire Chair, Ending Six-Decade Run 
Florida Condo Manager, Contractor Charged in Alleged $186,000 Kickback Scheme From This Issue
