Climate Changed
Insurers Stand to Expand Role in Federal Flood Program
- Republicans and Democrats argee on parts of insurance overhaul
- Flood insurance program needs congressional action this year
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Democrats and Republicans, who have agreed on little this year, have found common ground on plans to give private insurers greater access to the $5 billion flood insurance program and to offer more buyouts for homeowners in areas likely to be repeatedly submerged.
"Flood insurance seems to be one of those few areas where Democrats and Republicans see the same problems and, in a lot of instances, see the same solutions," Rob Moore, a senior policy analyst with the National Resources Defense Council, said in an interview.