Craig Fugate, the administrator of the Federal Emergency Management Agency ("FEMA"), will testify at a U.S. Senate Banking Committee hearing regarding increases to flood insurance premiums under the National Flood Insurance Program ("NFIP").
Sen. David Vitter (R-La.) said that he will bring Mr. Fugate before the committee, likely on September 18, 2013.
"Earlier this year, FEMA caused panic in many parishes in south Louisiana in part by predicting future flood insurance rates based on incomplete and inaccurate maps, and the man in charge of administering this program needs to explain the challenges resulting from the implementation of Biggert-Waters," Vitter said. "The flawed flood maps put communities affected under the gun, and the result could be that they will have to bear the cost of FEMA's mistakes for years to come."
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