HEARINGS

BEFORE THE

SUBCOMMITTEE ON SECURITIES

OF THE

COMMITTEE ON BANKING AND CURRENCY
UNITED STATES SENATE

NINETIETH CONGRESS

FIRST SESSION

ON

S. 1985, S. 1290 and S. 1797

TO AMEND THE FEDERAL FLOOD INSURANCE ACT OF
1956, TO PROVIDE FOR A NATIONAL PROGRAM OF FLOOD
INSURANCE, AND FOR OTHER PURPOSES

HARRISON A. WILLIAMS, JR., New Jersey, Chairman

WILLIAM PROXMIRE, Wisconsin
EDMUND S. MUSKIE, Maine
EDWARD V. LONG, Missouri
WALTER F. MONDALE, Minnesota
WILLIAM B. SPONG, JR., Virginia

WALLACE F. BENNETT, Utah
BOURKE B. HICKENLOOPER, Iowa
EDWARD W. BROOKE, Massachusetts

Hon. Hale Boggs, U.S. Representative from the State of Louisiana..

Hon. Robert C. Wood, Under Secretary, Department of Housing and

Urban Development, accompanied by Thomas C. McGrath, General

Counsel; R. Otto Meletzke, legislative_attorney; Mortimer Kaplan,

actuarial expert; and Henry Schechter, Director of Office of Economic

and Market Analysis...

Hon. Howard W. Pollock, U.S. Representative from the State of Alaska..

Frank E. Clarke, Geological Survey, Department of Interior, accompanied

by Walter Langbein..

Robert F. Shea, vice president, American National Red Cross_

TUESDAY, JUNE 27

Hon. James J. Howard, a Representative in Congress from the State of

New Jersey-

Donald H. Garlock, second vice president, Travelers Insurance Cos.,

accompanied by William O. Bailey, vice president, Aetna Life & Casualty,

and DeRoy C. Thomas, general counsel, Hartford Insurance Group......-

Wallace M. Smith, American Mutual Insurance Alliance, accompanied

by Harold W. Walters, executive secretary, National Association of

Mutual Insurance Cos., and F. A. Holderman, manager, Legislative
Bureau, American Mutual Insurance Alliance..

Vestal Lemmon, general manager, National Association of Independent

Insurers, accompanied by Arthur Mertz, general counsel, and P. G.

Buffinton, chairman, Flood Insurance Committee...

Neil D. Coates, National Association of Insurance Agents, accompanied by

Morton V. V. White, vice chairman, Federal Affairs Committee..

WEDNESDAY, JUNE 28

Hon. George A. Smathers, U.S. Senator from the State of Florida

Hon. Robert L. F. Sikes, a Representative in Congress from the State of

Florida....

101

102

Hon. E. L. Bartlett, U.S. Senator from the State of Alaska..

Broward Williams, chairman, Property and Casualty Subcommittee,

National Association of Insurance Commissioners..

Hon. Claude Pepper, a Representative in Congress from the State of

Florida____

102

106

127, 128

Ned Price, member, State board of insurance, State of Texas..

Dudley Guglielmo, insurance commissioner, State of Louisiana.

John F. Bolton, Jr., director of insurance, State of Illinois.

Howard Clark, chief deputy insurance commissioner, State of South

Carolina...

132

135

136

136