Flood-insurance legislation faces hurdles in U.S. Senate
Monday, July 26, 2010
Legislation that would delay new and stricter federal flood insurance requirements has coasted through the House, but is having a tougher time in the Senate. Senators from two states that straddle the flood-prone Mississippi River - Arkansas’ Sen. Mark Pryor, a Democrat, and Mississippi’s Sen. Thad Cochran, a Republican - worry that the new maps don’t properly reflect the true risk of flooding, since the new maps were drawn by the Federal Emergency Management Agency, the same agency that runs the deeply-in-debt federal flood insurance program. “They have an incentive to sell insurance,” Pryor said. FEMA officials did not return calls Friday. Craig Fugate, the agency’s director, has maintained that the program is attempting to accurately define the risk ...
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Front Section, Pages 1 on 07/26/2010
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