Flood-insurance program vulnerable, experts say« Thread Star

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Flood-insurance program vulnerable, experts say« Thread Started on Aug 28, 2007, 8:13am » --------------------------------------------------------------------------------Flood-insurance program vulnerable, experts sayJOURNAL WIRE REPORTread at source> http://www.journalnow.com/servlet/Satell....5252104 8&path=!nationworld&s=1037645509161WASHINGTON - Despite promising changes, Congress has shown little enthusiasm for taking the unpopular steps that experts say are necessary to fix the nation’s main flood-insurance program.Recent flooding in the Midwest has brought the issue back to the forefront. Hurricanes Katrina and Rita, back-to-back storms in 2005, dispelled any notion that the insurance program was self-sustaining. They threw it about $20 billion into debt and called attention to major structural flaws.