Congress Explores Flood InsuranceSolutions

Register now

WASHINGTON - (10/13/05) -- The Senate Banking Committee willofficially commence its inquiry into the adequacy of the floodinsurance and potential solutions for the massive shortfall incoverage in the hurricane-stricken Gulf States. The panel hasscheduled a hearing on the National Flood Insurance Program forOct. 18 where officials of the Federal Emergency Management Agency,the program's administrator, and other experts are scheduled totestify. Congress is studying potential ways to make up what isestimated at tens of billions of dollars of uninsured flood damagescaused by hurricanes Katrina and Rita.

For reprint and licensing requests for this article, click here.