Insurance companies do well from flood program; critics question whether industry alliance is good for taxpayers - al.com

Insurance companies do well from flood program; critics question whether industry alliance is good for taxpayers - al.com: "WASHINGTON -- When lawmakers ponder the woes of the federal flood insurance program, they tend to dwell on the billions of dollars in red ink spilled since 2005, when Hurricane Katrina left a backwash of huge losses.

Less attention has been given to the program's dependence on private insurance companies and agents to do most of the actual work of selling policies and adjusting claims."