The NFIP is over $24 billion in debt. The business model was flawed, and the program faced elimination.
While some might feel the government should wipe its hands of the problem, I would like to note that Congress created th...
Florida has a unique relationship with the National Flood Insurance Program.
Unfortunately, the implementation of the Biggert-Waters program has proven problematic.
As I mentioned in my opening statement, I very much believe in market-based solutions for risk problems.
The intent, of course, was to make sure that we had affordable housing, that low- to moderate-income people could have a...
Of course, my friends on the other side say this is not a bailout. It is just policy and it is an accounting function.
If we are going to say that we want a private market backed, then we need to allow them to have what traditionally priva...
But the pricing is what concerns me, because right now, we have a government backstop and my history in government backs...
I still believe that in this particular situation, a TRIA bill is necessary.
Most likely, it will go offshore. Most likely, it will go on the Internet. You are not going to eliminate the demand jus...