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  • National Flood Insurance Program

    Conservative Coalition Forces Delay of Flood Insurance Bill

    House leaders scrubbed a vote today on a bill to continue taxpayer subsidies of flood insurance for private property owners, after criticism from a coalition of conservatives that the measure blocks reforms to the National Flood Insurance Program enacted in 2012. The Foundry reported Tuesday evening that 28 members of … More

    Stand by Flood Insurance Reforms, Conservative Leaders Urge House

    A coalition of conservative leaders today said the House should reject legislation that would continue taxpayer subsidies of flood insurance for private property owners. Taxpayers, they stress, already are on the hook for $24 billion. “Members of the House should reject all forms of this bill and put an end … More

    Sandy Relief: Final Vote on Pork Package Set to Go

    Despite all the handwringing, it appears that President Barack Obama will get what he wanted in his excessive $60.4 billion request related to Hurricane Sandy. Shortly after his request was sent to Congress, the Senate approved President Obama’s package largely intact. Last week, the House passed $9.7 billion for the … More

    Fuzzy Numbers Drive Obama Hurricane Sandy Request

    According to the Financial Times, the insurance industry estimates the total bill for insurers from Hurricane Sandy will be between $20 billion and $25 billion. President Barack Obama’s emergency request for Hurricane Sandy totals $60.4 billion. One must naturally wonder how the damages not covered by insurance could be roughly … More

    Federal Wind Insurance Is Still a Huge Mistake

    Like the monster in a third-rate horror movie that seems to be destroyed but comes back again and again, some bad ideas in Washington keep popping up. Adding wind insurance coverage to the National Flood Insurance Program (NFIP), a program that already needs to be bailed out every few years, … More