Christine Hall on Nostr: "The view from several lawmakers and staffers is that Milton and Helene will likely ...
"The view from several lawmakers and staffers is that Milton and Helene will likely exhaust the program’s nearly $5 billion in funds and force it to tap $9.9 billion in Treasury borrowing authority. The NFIP collects premiums and pays out claims similar to a typical insurer, but has been upside down financially because of how it assessed flood risks for decades": Milton threatens to trigger flood insurance reckoning for Congress
https://www.politico.com/news/2024/10/09/hurricane-milton-congress-flood-insurance-00183017Published at
2024-10-10 14:04:16Event JSON
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