Hurricanes have failed to spur flood insurance reform bill
Currently, the National Flood Insurance Program has about $10 billion in borrowing authority remaining, and Hurricane Florence isn’t likely to consume all of the funding, said R.J. Lehmann, director of finance, insurance and trade policy, for the R Street Institute, a Washington think tank.
‘‘They are prepared to handle this storm,’’ Lehmann said. ‘‘But if we get multiple storms — there are others out there in the Atlantic Basin — things could get a little more dicey.’’
