Live Insurance News: October 4, 2011

 

(Washington, DC) ‒ SmarterSafer.org today released astatement urging Congress to pass common sense NFIP reform and to stop temporarily extending the flood insurance program:

“This year, the United States has seen numerous disasters, including record flooding along the Mississippi River and massive flooding in the Northeast as a result of Hurricane Irene. While Congress delays taking action to improve the NFIP, the American people are left without broadly supported reforms that will better protect their lives and property, save taxpayer dollars, and promotepublic safety. Five-day fixes and delays only make the troubled program more unstable.

“Congress must act now and build on the progress it has been making toward enacting meaningful and long-needed reforms to the National Flood Insurance Program. Temporary extensions of the program do not provide Americans with thecoverage they need if disasters strike.”

SmarterSafer.org is a national coalition made up of a diverse set of voices united to support environmentally-responsible, fiscally-sound approaches that promote public safety. The Coalition strongly opposes legislative proposals that encourage people to build homes in hurricane-prone, environmentally-sensitive areas by creating new programs that directly or indirectly subsidize their homeowner’s insurance.

To read the full article, click here.