Rates charged to homeowners and businesses by the National Flood Insurance Program are based on an outdated computer model that doesn’t accurately reflect the risk of loss, according to the Government Accountability Office.

GAO issued its report as the March 3 deadline to reauthorize the program looms, with the House and Senate so far unable to reconcile differences between the separate bills each body of Congress passed to extend and reform the NFIP–including a debate over whether to add coverage for wind exposures.

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