The managers of the federal flood and crop insurance programs aren't doing enough to keep Congress informed of the potential risk global warming represents to the taxpayer, a key member of the Senate Homeland Security Committee charged last week.
Sen. Susan Collins, R-Maine, said she was “struck by the lack of urgency you are displaying in dealing with these issues.”
Sen. Collins, the committee's ranking minority member, was responding to testimony by the Government Accountability Office that global warming constitutes a “significant” financial risk to both government and private insurers, urging managers of federal insurance programs to reassess the potential risk to taxpayers and report to Congress as soon as possible.
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