NFIP in line for government bailout: report

The National Flood Insurance Program (NFIP) is to receive a
$16bn bailout from the US government, the Associated Press has
reported.
The funding forms part of a $29bn disaster relief package for
the victims of hurricanes Harvey, Irma and Maria.
The funding follows a decision by the Senate on 28 Septembernot to open flood insurance up to the private insurance market.Before Hurricane Harvey struck southern Texas, the NFIP owed the
federal government around $24.6bn.The impact of Harvey...