From Business Insurance

Proponents of privatization hold that opening the market to private insurers would ease pressure on the NFIP.


“The NFIP is not only an unnecessarily burdensome program for taxpayers, it is also an unsustainable one,” R.J. Lehmann, a senior fellow at Washington-based free market nonprofit R Street Institute, said in a statement. “These vital steps toward common-sense reform will ensure a vibrant market of private capital exists to handle this risk in the years ahead.”

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