FEMA reverses controversial policy that would have left nonprofits and public entities on the hook for millions - Money - Times-Picayune - NOLA.com

FEMA reverses controversial policy that would have left nonprofits and public entities on the hook for millions - Money - Times-Picayune - NOLA.com: "FEMA reverses controversial policy that would have left nonprofits and public entities on the hook for millions Posted by rmowbray August 24, 2007 9:08PM 9:10 p.m., Friday The Federal Emergency Management Agency has reversed a controversial insurance policy that would have left nonprofits and public entities on the hook for millions of dollars the next time a major storm strikes the New Orleans area, the agency said Friday. 'We have rescinded that policy,' said Gil Jamieson, the agency's Associate Deputy Administrator for Gulf Coast Recovery. 'It has caused a real furor down here. This was not the message we wanted to send to the business community.'"