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Florida Representative Backs State’s Call for NFIP Transparency
Florida State Representative Bill Hager says the state is turning up the heat on the National Flood Insurance Program as Florida residents become increasingly concerned with the high rates they are paying for flood insurance coverage. Lawmakers like Hager have backed a call made recently by Florida Insurance Commissioner Kevin McCarty for the NFIP to provide more information on how it prices coverage for state residents. Hager is a member of the Florida Insurance Committee in the House of Representatives representing House District 89 that runs from Bookertown to Palm Beach and is also a former Commissioner of Insurance for Iowa. In this podcast with Insurance Journal, Hager discusses the options state lawmakers have in dealing with the NFIP program and why the state is encouraging the privatization of the flood insurance market.