Op-Ed: Reforming Flood Program Ensures Government Is More Responsive to the People It Serves
Nearly five years ago, Superstorm Sandy devastated the Jersey shore and forever changed its landscape.
Worse, thousands of those families are still not back in their homes, and countless businesses were forced to shutter for good. Lack of leadership from politicians and mismanagement and malfeasance by bureaucrats at the
My wife, Debbie, and I saw the suffering that our neighbors went through firsthand. While I wasn't in
After joining the
No, the NFIP is not perfect, but our goal should be reforming the program so it works better, not getting rid of it entirely and leaving people in coastal communities exposed. A lapse in the program would have devastating consequences for
Over the past week, the
* Fully reauthorizing the program for five years.
* Guaranteeing that all flood-exposed properties in participating communities, including new construction, are able to participate in the program. I amended the bill to guarantee this since the original bill excluded new construction in special flood-hazard areas.
* Limiting how high premiums can increase for homes that were built before flood maps were produced by the federal government. I will continue working to lower rates even further before a floor vote.
* Removing a harmful provision that would have punished homeowners who had suffered two losses of
* Prohibiting FEMA from hiring disbarred attorneys, a practice that was rampant during the Sandy claims review process. People who are not qualified to practice law should not be hired to settle claims.
* Doubling the Increased Cost of Compliance coverage from
* Ensuring that
As I have explained to my colleagues in
In closing, we can and should make government smaller, smarter and more efficient, but that doesn't mean making it less compassionate. In fact, if we do NFIP reform the right way, we can ensure that the government is more responsive to the people it serves. If making that a reality means taking on my own party, then so be it.



Premium Increases Become Sticking Point for U.S. Auto Insurance Customers, J.D. Power Finds
Sen. Kennedy Issues Statement after Health Care Meeting with President Trump and Vice President Pence at the White House
Advisor News
- How smart investments prepare clients for inflation
- Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
- The biggest risk to your clients’ financial plans isn’t market volatility
- Initiative looks at how caregiving impacts workplace benefits
- Will rising retirement needs spark an annuity boom?
More Advisor NewsAnnuity News
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Fortitude Re Completes $500 Million FABN Issuance
- Reframing retirement income for greater certainty
- Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
- Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
More Annuity NewsHealth/Employee Benefits News
- Politicians, consumers blast health insurers’ requests for double-digit rate hikes. What to know.
- Final rules for Medicaid work requirements are out. Here's what you need to know.
- Final rules for Medicaid work requirements are out. Here's what you need to know.
- Hyde-Smith blasts health care delays
- WNY health insurers seek rate hikes of 9% to 24% for 2027
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Issue Credit Ratings of Weston2038 LLC’s Credit-Linked Notes
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
- Fidelity Investments® to Expand Target Date Lineup With Launch of Guaranteed Income Solution
- KBRA Releases Research – Private Credit: Much Ado About Nothing – Perspectives on Columbia Business School Paper About Private Ratings
More Life Insurance News