Federal coastal insurance reform prospects dim after November elections

The prospects for action in Congress to address the troubled coastal insurance market may have dimmed, after the 2010 elections swept out two leading advocates for the issue and ushered in lawmakers focused on shrinking government and lessening regulations.

Gene Taylor, the Bay St. Louis Democrat who had pushed insurance overhauls for years, but who lost his U.S. House seat in November, expressed little hope.

Federal coastal insurance reform prospects dim after November elections