Federal Regulation

CFA Comments on Flood Insurance Discussion Draft

The House Financial Services Committee Discussion Draft flood insurance bill is an improvement over previous drafts but still has some very bad provisions. We support greater involvement of private insurers in the NFIP, but the draft’s accession to the surplus lines approach proffered by HR 2901 is dangerous to consumers. This proposal poses many risks to consumers by allowing surplus lines carriers into the flood insurance market.

Download PDF