Lawmakers passed a law in July allowing the flood insurance program to raise rates on its policies. The new rates are only just starting to take effect.
FEMA didn't immediately respond to questions about the solvency of its flood insurance program.
In a conference call with reporters on Monday, FEMA Director Craig Fugate said the agency is still in disaster response mode and hasn't begun to look at flood insurance claims. He said he doesn't know yet whether the agency will need a bigger loan.
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