Run Time: 2:40
Will Deficit Debate Affect Flood Insurance? Taxes?
Following the November elections, Congress and the White House, as well as states, have signaled that they will be focusing on deficit and debt issues in the year 2011. Might this debate affect the National Flood Insurance Program? Lee Ann Pusey, president and CEO of the industry's American Insurance Association, thinks that is possible. In this interview with Insurance Journal’s Andy Simpson, she also suggests that the industry will have to be vigilant on the tax issue as states could be looking for new revenue sources.