AP Explains: Harvey shines light on flood insurance program
WASHINGTON (AP) " The massive flooding Harvey has caused in Texas and Louisiana comes as Congress weighs renewing a federal flood insurance program that continually pays out more than it takes in through premiums, potentially leaving taxpayers on the hook for $24.6 billion and counting.The National Flood Insurance Program expires Sept. 30. Congress is likely to reauthorize the program before then because failure to do so would disrupt coastal real estate markets. If the program [...]
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