Flood Insurance Reforms May Be Modest despite Bipartisan Backing
View on Business Insurance website"'I think that means that reauthorization will be a lot more modest,' said Carolyn Kousky, a fellow at nonpartisan research organization Resources for the Future in Washington. 'There’s not going to be pricing reform. There’s very little appetite for just increasing grant programs although I think that would be very good for things like pre-disaster mitigation grant programs.'"
"'I think that would be pretty bad,' Ms. Kousky said. 'Those maps save us lots of money by having in place building codes in these high-flood-risk areas to make sure new construction is at lower risk.'"
