House votes to reinstate flood insurance subsidies, limit premiums
The next phase of the flood battle will be to see if the Senate goes along with the offset to cover “their foolish choice to dismantle flood insurance reform,” said Andrew Moylan, a senior fellow at the R Street Institute. “We’ll be arguing on the side of a surcharge or other policy to prevent taxpayers from having to shoulder more burdens as a result of this broken program,” he told SNL.
R Street and Ellis’ group are members of SmarterSafer.org, a coalition that also includes environmental groups. Insurance industry members include Chubb Corp., Liberty Mutual Holding Co. Inc. and United Services Automobile Association.
