Push is on to expand federal flood insurance

THE HEAVY RAINS,  gusting winds and floods brought by the April 15-16 nor'easter offered a powerful reminder of Rhode Island's vulnerability just as insurers are seeking higher premiums or denying coverage to some homeowners and residents. Above, Rhodes-on-the-Pawtuxet is flooded by the river for which it is named.
 /
THE HEAVY RAINS, gusting winds and floods brought by the April 15-16 nor'easter offered a powerful reminder of Rhode Island's vulnerability just as insurers are seeking higher premiums or denying coverage to some homeowners and residents. Above, Rhodes-on-the-Pawtuxet is flooded by the river for which it is named. /
With his party now controlling Congress, Rep. Barney Frank, D-Mass., has joined forces with a Republican colleague to try again to reform the struggling National Flood Insurance Program, which remains $20 billion in the red after hurricanes Katrina and Rita and is widely considered to be underfunded. Frank, who chairs the House Financial Services Committee,…

Want More Free?

To access 2 more articles, please log in or register for free.

Registered users get access to a limited number of free articles every month.

Register Now

Already registered? Login to access more free articles.

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -