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Fixing Flood Insurance Before the Next Disaster: House Bill Takes Several Steps in the Wrong Direction

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Publication Date: September 2007

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): David C. John

Series: WebMemo

Topic: Business (Insurance)

Keywords: Regulation; hurricane; flood insurance; nfip

Type: Brief

Coverage: United States

Abstract:

Congress should not strap an expensive new program that directly competes with private insurance onto the existing bankrupt program.