Flood program reforms come up for scrutiny in Congress

The US National Flood Insurance Program (NFIP) goes under the
congressional microscope this week as lawmakers get set to rewrite
its operating rules with an eye toward opening the sector to
private carriers and preventing its $24.6bn debt from getting any
bigger.
Calling NFIP "poorly designed, costly and in desperate need
of fundamental reform", US Representative Jeb Hensarling, the
chairman of the House Financial Services Committee has made the
issue a "major focus" for 2017. He has pointed out