U.S. Rep. Gene Taylor, D-Bay St. Louis, plans this week to once again introduce a bill that would add wind insurance to the National Flood Insurance Program.
Last year the bill passed the House but stalled in the Senate Banking Committee.
Taylor’s office is working to build consensus for the bill in other states through a new insurance-reform link on his House Web site, taylor.house .gov.
The site pulls together news coverage and information from Gulf and Atlantic states about rate increases, growth of state-sponsored wind pools, alleged fraud by insurance companies after Katrina and the private market’s retreat from the Gulf and Atlantic coastlines.
“I think it shows the private market is not going to work,” Taylor’s senior policy advisor, Brian Martin, said Friday.
Magnolia Tribune
