CFA Urges House Committee to Oppose HR 2901, the Flood Insurance Market Parity and Modernization Act

CFA shares the concerns of many House Committee on Financial Services Members that the current National Flood Insurance Program is too costly and actuarially unsound.  CFA also agrees that there is a role for private insurers in this insurance market.  However, we also believe that HR 2901, with recent amendments as we understand them, would put both consumers and taxpayers at risk. Therefore, CFA is encouraging committee members to oppose HR 2901, the Flood Insurance Market Parity and Modernization Act.