Media Statement: House Financial Services Committee Passage of Flood Insurance Legislation


Statement by
Jimi Grande
Senior Vice President, Government Affairs
National Association of Mutual Insurance Companies

Re: House Financial Services Committee Passage of Flood Insurance Legislation

“Yesterday’s vote by the House Financial Services Committee represents an important first step toward a stronger National Flood Insurance Program and a more competitive flood insurance marketplace. The legislation approved today will help property owners and communities reduce their risk of flooding and stop taxpayer subsidies for high-risk, repeatedly flooded properties. By allowing for increased competition, the reforms will also help foster a true marketplace for flood coverage in which the NFIP is just one of many options for consumers.”

Matt Brady
Senior Director
Media and Federal Advocacy
Communications
mbrady@namic.org
202.580.6742

Contacts

Matt Brady
Senior Director of Advocacy Communications

202.580.6742

  Matt