WASHINGTON–In a case of politics making strange bedfellows, J. Robert Hunter of the Consumer Federation of America and the Reinsurance Association of America have joined to oppose legislation expanding the National Flood Insurance Program.
Mr. Hunter, CFA's insurance director, is a frequent critic of the industry. In this case his organization and the RAA are part of a consortium that urged the Senate Banking Committee today to oppose the Flood Insurance Reform and Modernization Act of 2007 (HR 3121).
The bill, already approved in the House, combined a bill introduced by Rep. Gene Taylor, D-Miss., adding windstorm coverage to the program, with previously introduced flood reforms designed to increase the number of consumers in the program and reduce subsidies for some properties.
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