03/17/2021
https://congress.gov...
"allowing more consumer choice in the government-dominated flood insurance market creates competition and results in better policies and pricing that will benefit homeowners."
"Representative Murphy and I introduced legislation that redefines private flood insurance to remove Federal restrictions and requirements on coverage."
"And, unfortunately, now you have only one valuation of risk that is being done, and that is by NFIP."
"the implementation of the Biggert-Waters Flood Insurance Reform Act of 2012, or BW-12, has proven to be problematic."