Insight and Intelligence on the London & International Insurance Markets

12 December 2017

Search archive

House panel forgives $16bn NFIP debt but omits reforms

Ted Bunker 11 October 2017

The National Flood Insurance Program would have $16bn erased from the estimated $30bn it owes the US Treasury under a bill that passed the Appropriations Committee of the House of Representatives late Tuesday.

But the measure leaves out reforms of the NFIP, as the programme is known, sought by the White House, including one to phase out availability of the government paper for newly built homes and commercial structures.

The NFIP debt relief is part of an $36.5bn disaster aid...


If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership



Share:

Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2017. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π