Federal Disaster Programs Essential for Mitigation and Insurance Stability

During a Senate Banking, Housing and Urban Affairs Committee hearing, Robert Gordon of the American Property Casualty Insurance Association emphasized the critical role of federal disaster programs in mitigating damage from natural disasters and controlling property insurance costs. He highlighted FEMA's essential function in disaster mitigation that cannot be adequately substituted by state governments or private sectors. The discussion took place amidst federal cuts to FEMA programs that have historically supported states with significant funding to enhance protection against floods, hurricanes, and other natural disasters.