Legislative progress on flood insurance changes still elusive
“Realistically, it doesn’t look like anything is going to happen,” said R.J. Lehmann, director of finance and insurance at the R Street Institute.
Lehmann said the current status is similar to a decade ago, when lawmakers tried to reform the program, but could not reach an agreement. Over the next four years, Congress passed continuing funding resolutions to keep the flood insurance program going.
“It is like a rerun of 2008,” Lehmann said.