Flood insurance bill seeks to curb rising tide of bankruptcies ...Middle East

Americans with homes that are repeatedly flooded by extreme weather events could soon have the federal government buy their houses under a new bill introduced Thursday by Rep. Sean Casten (D-Ill.). The bill would allow the National Flood Insurance Program (NFIP), the federal flood insurer of last resort, to buy houses and zones deemed indefensible in lieu of continually paying to repair them. “You're not obligating people to move but you're saying like, you know, if you want to if you want to avail yourself with the NFIP program, we're going to structure it towards a buyout rather than rebuilding,” Casten said. Casten, who worked on the bill with Rep. Earl Blumenauer (D-Ore.), sa

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