In the News Congress blames lack of affordability study for high flood insurance rate increases
Andrew Moylan, outreach director and senior fellow at R Street Institute, a think tank in Washington, said, “We should be having a completely different conversation, like how to move out of the risk area you live on. We have to keep in mind what the scale of this is.”
Moylan said he believes the Biggert-Waters Act was a fundamentally good reform and should move forward, but in a more targeted way, rather than delaying the whole process.
“We’re hopeful that we’ll start to see some alternatives that are more targeted that don’t take this meat cleaver approach,” he said.