Senators Clash Over FEMA Proposal To Block Flood Insurance In Risky Areas

Senators are sparring over how to shore up the long-term financial stability of the National Flood Insurance Program (NFIP) while also ensuring insurance remains affordable to lower-income households, as the program faces increasing risks from climate change-driven floods and other factors. Lawmakers are attempting to develop a bipartisan deal to overhaul the program, and the Biden administration recently floated over a dozen proposed options to boost the solvency of the NFIP including barring federally subsidized insurance coverage for new homes...