We are going to have to watch this. Forgiving the NFIP debt, and Congress taking responsibility for disasters over a particular value, would level the field with tornadic or wildfire disasters. This is not being proposed. Raising coverage to $500,000, without any guarantee that a policyholder will be able to recover that value misleads the consumer.
As we have a rather vested interest in this, we will add this to the Economic Development Committee agenda.