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6-17-13
Testimony by Mark Davies President and CEO of Fidelity National Property and Casualty Insurance Group Concerning NFIP
One Biloxi, Miss., property valued at $183,000 flooded 15 times over a decade, costing the program $1.47 million, according to federal data provided by the agency to a member of Congress. Another in Humble, Tex., has resulted in over $2 million in flood payouts even though it was worth just $116,000.
Catastrophic Economics: National Flood Insurance Program
FEMA: Affordability Act Overview