U.S. House majority co-sponsors stalled flood insurance bill, supporters say
Boehner has said he does not foresee taking up a four-year delay but might consider more modest measures. Conservative groups have argued premium increases are necessary to get the program out of $24 billion in debt.
“We’re not in favor of a four-year delay,” said Christian Camara, Florida director for the R Street Institute, visiting the offices of The Palm Beach Post on Wednesday. His group, which describes itself as a free-market think tank, based in Washington, D.C., would consider a more gradual phasing in of some increases but not long-term delays, he said. That only encourages building or rebuilding in flood-prone areas among other problems, in his view.
