Real Solutions Private insurers start to offer flood coverage
An unlikely coalition of conservatives, environmental groups and the insurance industry has opposed the latest legislative proposals to blunt the premium increases.
The House bill “represents a fundamental betrayal” of free-market principles, said R.J. Lehmann, senior fellow at R Street Institute, a Washington, D.C. think tank. Still, the proposed legislation leaves open a potentially substantial role for private-sector reinsurers, he noted.
