Mississippi insurance commissioner makes that observation, while FEMA says agency continues to eye NFIP privatization.
Retirement plans and paying off the mortgage have traditionally gone hand-in-hand as people approaching retirement anticipate eliminating a payment that typically claims the largest single chunk out of the monthly budget.
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.
Hours after the Navy destroyer USS Cole was bombed in Yemen on Oct. 12, 2000, killing 17 American sailors and injuring 39, the families of members of Navy Federal Credit Union likely didn’t know that much more was going on behind the scenes on their behalf.
Louisiana insurers say claims are rolling in, but not a flood.
President Obama has signed legislation that reauthorizes the National Flood Insurance Program until Sept. 30, 2017.
House passes controversial disaster bill.
Regulatory burden, National Flood insurance Program on the agenda.