Rep. Waters Rips FEMA's Handling Of Flood Insurance Law
By Bibeka Shrestha
Law360, New York (November 19, 2013, 6:39 PM EST) -- Rep. Maxine Waters, D-Calif., came down hard on the leader of the Federal Emergency Management Agency at a Tuesday hearing on premium increases under the National Flood Insurance Program, chiding the agency for not alerting lawmakers to the “unintended consequences” of the flood insurance reform law she co-sponsored.
Waters sharply criticized FEMA Administrator Craig Fugate for not communicating to the U.S. House Financial Services Committee about the steep rate increases required for some under the Biggert-Waters Flood Insurance Reform and Modernization Act, as well as the...