Bill aims to reduce repeat flood claims
The proposal drew support from the R Street Institute, a conservative-leaning think tank based in Washington that has been involved in the flood-insurance reform debate for years.
“Investing in mitigation is a far more cost-effective use of taxpayer dollars than continuing to pay out claims and extend disaster assistance to the same places over and over again,” R.J. Lehmann, the institute’s director of finance, insurance and trade policy, said Friday in a prepared statement. “This legislation takes a carrot-and-stick approach to the problem of repeat flood losses, facilitating access to mitigation funding for communities that take the initiative, with potentially significant financial consequences for those that do not.”
