Senate Committee hearing on Flood Insurance Affordability

From CSPAN “The Federal Emergency Management Agency’s top flood insurance official was joined by small business owners, mostly from the residential construction and real estate industries, at a hearing on the impact of rising National Flood Insurance Program premiums on small businesses. The business owners talked about quickly escalating premiums for homeowners in low-lying areas, and argued that private insurers might be able to offer lower rates, while the FEMA official said it was important for the flood insurance program to capture a wider base of customers to lower premiums overall.”