Ranking House Financial Services Committee member, 26 others express concern to FEMA over flood insurance affordability.
GOP Rep. Randy Neugebauer asks for speedy approval from banking industry regulators, sparking calls for caution from some insurers.
Mississippi insurance commissioner makes that observation, while FEMA says agency continues to eye NFIP privatization.
Bill would slow rate of increase in NFIP premiums in areas that had been declared disasters.
Obama signed expansion into law over the weekend; Sandy claims cited as cause for concern.
Legislation increases borrowing authority by one third, draws Republican ire and promises to take NFIP private.
Claims from superstorm to outstrip NFIP's borrowing authority.
NFIP will likely need to go to Congress for additional borrowing authority to pay claims, insurance industry officials say.
President Obama has signed legislation that reauthorizes the National Flood Insurance Program until Sept. 30, 2017.
Insurance industry officials believe the House will accept the 60-day National Flood Insurance Program extension the Senate passed last week.