Adopt Senate version of NFIP

09/15/2008 | Star-Ledger (Newark, N.J.), The

Congress needs to act on reauthorization of the National Flood Insurance Program -- and part of that action must include proper rate setting to reflect risk rather than the heavily subsidized rates used today, say the author of this editorial. And even though the Senate version doesn't go far enough, its modest changes are better than nothing -- and would also create a commission to evaluate the best ways to deal with huge national costs that come from giant storms.

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Star-Ledger (Newark, N.J.), The

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