NU Online News Service, Dec. 30, 11:20 a.m. EST
The National Association of Mutual Insurance Companies is urging the Obama administration to reform–but not privatize–the National Flood Insurance Program.
"We believe that the best, most effective and viable option is maintaining the current NFIP framework while implementing reforms that address existing weaknesses," NAMIC's Washington office said in a comment letter sent Wednesday to the Federal Emergency Management Agency, which runs the FEMA program.
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