Mortgage Group Proposes Retroactive FEMA Payments

By MATT BRADY AND ARTHUR D. POSTAL, WASHINGTON BUREAU

"We'll give you a new roof, but you will have to rebuild the house." That is the problem many Gulf Coast residents--and their mortgage lenders--are confronting as a result of the devastation wreaked by Hurricane Katrina. And, by implication, Congress and the insurance industry are wrestling with as well.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.