National Flood Insurance Program
The House Financial Services Subcommittee on Housing and Community Opportunity met to hear testimony on the National Flood Insurance Program… read more
The House Financial Services Subcommittee on Housing and Community Opportunity met to hear testimony on the National Flood Insurance Program. Members listened to remarks and asked questions of FEMA officials and insurance industry executives. Panelists addressed the obstacles to reforming the National Flood Insurance Program to result in lower premiums for all policy holders. Witnesses took particular issue with the rising number of “repetitive loss properties” and their resulting costs on consumers. Conversely, Rep. Baker brought anecdotal concern to the welfare of those who own repetitive loss properties. close
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