On Thursday, July 22, the U.S. House of Representatives plans to vote on a measure by Rep. Gene Taylor (D-MS) to add wind coverage to the National Flood Insurance Program. Eli Lehrer, national director of The Heartland Institute’s Center on Finance, Insurance, and Real Estate, notes that a wide variety of groups say the measure, H.R. 1264, is bad public policy.
“This measure is a terrible, terrible idea, and that’s why groups ranging from the National Wildlife Federation to the Consumer Federation of America oppose it,” Lehrer said. “It would impose a multibillion-dollar liability on the nation’s taxpayers, undermine productive private businesses, destroy areas of great natural beauty, and endanger lives by encouraging people to live in harm’s way.”
Lehrer can be reached for further comment at (202) 615-0586 or [email protected]