Wicker Calls on Congress to Reform Flood Insurance System
Mississippi lawmaker testifies before Senate Banking Committee on need to improve National Flood Insurance Program
WASHINGTON, DC – U.S. Senator Roger Wicker (R-Miss.) today testified before the Senate Banking Committee on the importance of reforming the National Flood Insurance Program (NFIP) to address the needs of property owners along the coast.
Less than a year ago, Senator Wicker came before this committee and testified in support of modernizing and reauthorizing NFIP. Last year, NFIP lapsed three times before the Senate authorized a one-year extension. Currently, the National Flood Insurance Program expires on September 30, 2011.
“Another program lapse is entirely avoidable, and we should not allow that to happen,” said Wicker. “Similarly, another short-term extension of a flawed program would be unacceptable to me. I urged the committee to reform the program and enact a multi-year reauthorization.”
insurancenewsnet.com
6/9/11
Magnolia Tribune
