In the News Cat backstop backers look to shed ‘beach house bailout’ moniker with new bill
From SNL Financial:
With the NFIP running a debt of close to $30 billion and Florida’s fund facing restructuring, it is difficult to find virtue in a new government program, R.J. Lehmann, senior fellow with the R Street Institute, told SNL after the event. What this law would do states could do now by forming an interstate compact, he said.
“Why would any state get into a fund with Florida?” he asked.
