11/19/2010

Federal lawmakers should push for changes in the National Flood Insurance Program to prevent the program from using taxpayers' money to pay damage claims without decreasing risks, according to industry experts. The program is unable to pay $18.8 billion it owes to the federal Treasury to cover claims payouts caused by Hurricane Katrina. "Rates need to be raised to reflect the actual risk of flooding," said David Conrad of the National Wildlife Federation.

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