From Arkansas Democrat-Observer:

Critics, who have called the plan a “beach house bailout,” contend that the legislation would promote home construction in disaster-prone areas and lower insurance premiums, which would mask actual risk that homeowners face.
“Those are two totally contrary goals, said R.J. Lehmann, a spokesman for R Street Institute, a conservative research group in Washington. “We shouldn’t encourage development in areas that are high risk.”
The R Street Institute is part of Smarter Safer, a coalition of insurance companies, environmental groups and taxpayer advocates who oppose the legislation.

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