The COASTAL Act is by no means a silver bullet for all the problems associated with flood insurance and NFIP.
This is the approach that Senator Wicker's bill takes and it is one I believe that the Committee should take care to con...
I believe that a Standardized Loss Allocation model as Senator Wicker's COASTAL Act envisions is such a solution.
That is not the way the Flood Insurance Program works, and I am mystified as to why banks and NFIP do not work together ...
I think you would concede that the current program does not work when it comes to the wind versus water claims in a slab...
This does not make FEMA do it. It gives FEMA the ability to engage whomever they choose to do it.
Hurricane Katrina clearly demonstrated both the devastating power of hurricanes as well as the havoc they can wreak on h...
Senator Wicker has taken a constructive approach to a very complex issue, and we appreciate his hard work.
Senator Wicker recently introduced the COASTAL Act, (S. 1091), which proposes a new approach to adjusting total losses.
Senator Wicker's COASTAL Act asks the National Oceanographic and Atmospheric Administration to form partnerships with pr...
It needs to be addressed in any reauthorization.