Milton threatens to trigger flood insurance reckoning for Congress

Hurricane Milton, a monstrous storm set to hit western Florida Wednesday night, is poised to deplete the finances of the government’s chronically indebted flood insurance program. Congress is already bracing for a fight over what to do about it.

Key lawmakers and aides are beginning to game out the likely impact on the National Flood Insurance Program, which is the primary option for millions of American homeowners to protect their finances from catastrophic flooding.

The emerging...