WASHINGTON--Members of the House Financial Services Subcommittee on Oversight and Investigations will hold a hearing Monday in Florida to examine the impact of the homeowners' insurance "crisis" in areas prone to natural catastrophes.
Rep. Mel Watt, D-N.C., the chairman of the subcommittee, said he was looking forward to "hearing from Florida residents, industry representatives and elected officials about how the insurance industry has responded to natural disasters and about how the response can be improved."
Among those scheduled to testify is Florida Insurance Commissioner Kevin McCarty, who will ask lawmakers to support the Homeowners Defense Act introduced by Reps. Ron Klein, D-Fla., and Tim Mahoney, D-Fla.
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