Ari Natter, Bloomberg, Sept. 11, 2018

U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again after a fix to the nation’s troubled flood insurance program remains stalled in Congress — and as a dangerous new storm barrels toward the southern Atlantic coast.

The program, administered through the Federal Emergency Management Agency, is the primary source of flood insurance in the U.S., with about 5 million policy holders across the country. But it remains more than $20 billion in debt and some experts say it must be reformed in an era of very powerful storms like Harvey and Irma.

To read more, visit https://www.bloomberg.com/news/articles/2018-09-11/hurricanes-have-failed-to-spur-flood-insurance-reform-bill