Thursday, January 26, 2006

WSJ(1/26) Claims Force US Flood Insurance Overhaul

Publication Date: January 26, 2006
Advisen -- Property
Source: The Wall Street Journal (full text)

(From THE WALL STREET JOURNAL)
By Michael Schroeder

"WASHINGTON -- Amid massive claims from last year's Gulf Coast hurricanes, the Senate Banking Committee is preparing to overhaul the federal flood insurance program, resulting in much higher premiums for many homeowners and a likely taxpayer bailout..."