Privatizing NFIP Could Be on Agenda After Sandy-Aid Battles

The political and financial fallout from Superstorm Sandy will continue despite President Obama signing legislation on Sunday that will allow the National Flood Insurance Program to continue to pay claims.

By Arthur D. Postal | Updated on January 07, 2013

The political and financial fallout from Superstorm Sandy will continue despite President Obama signing legislation on Sunday that will allow the National Flood Insurance Program to continue to pay claims.

For one thing, Northeast Senators are demanding prompt action on the $51 billion remaining on the aid package that the Senate passed Dec. 28 and the House declined to deal with late New Year’s Day. The House is scheduled to take up the remainder of the bill Jan. 15.

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