Hurricane Sandy-related claims are pouring into the troubled government-run National Flood Insurance Program ? and Congress is girding for revived battles over the program?s debts.
The NFIP, America?s only provider of flood insurance, faces an estimated $6 billion to $12 billion in new claims from Sandy, according to the Federal Emergency Management Agency.
The NFIP, which is about $18 billion in debt after Hurricane Katrina, has only $2.9 billion left in borrowing authority, Edward Connor, FEMA?s deputy associate administrator for federal insurance told a meeting last week, according to news reports.
Continue Reading on patriotupdate.com
This entry was posted in Email and tagged flood insurance, hurricane sandy, patriotupdate. Bookmark the permalink. We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.national grid LIPA cnn news MBTA Cnn Live Garcinia Cambogia Little Things One Direction
No comments:
Post a Comment