Jim Donelon, Louisiana Insurance Commissioner and NAIC President, participated on Thursday in a roundtable hosted by the U.S. Government Accountability Office (GAO) to examine potential options for flood insurance privatization. Topics for the discussion included barriers to private sector involvement, options for privatization and potential governmental roles. The purpose of the discussion was to provide insight to the GAO as they draft a report and recommendations for Congress on flood insurance issues.
ABIA has promoted the privatization of flood insurance and will continue to work on this issue.
Learn more from the NAIC.