NU Online News Service, June 13, 1:45 a.m. EDT
The Government Accountability Office has issued a scathing report on the management of the National Flood Insurance Program, and also notes that under current conditions there is no way the program will ever be "financially sound."
The report warns that unless the Federal Emergency Management Agency, which administers the program, cleans up its act, it will be limited in its ability to manage NFIP's operations or better ensure program effectiveness.
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