With one glaring gaffe, U.S. Senator Hillary Rodham Clinton inadvertently exposed one of the biggest problems facing the National Flood Insurance Programthe fact that too few outside the industry have a clue about what the coverage entails, whether they need it, or even who writes it.
In a July 1 letter, the New York Democrat called on Allstates chief executive to reconsider and explain what was referred to in her press release as the companys irresponsible decision to drop the flood insurance policies of 30,000 homeowners who reside in New York's coastal counties.
Of course, Allstate is doing no such thing, since flood risks are left to the federal government, which offers supplemental coverage to homeowners through servicing insurers and agents.
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