Flood Insureds Left High And Dry
Who would have thought that when the lame duck Congress finally left Washington for good this year, they would have provided terrorism insurance, but not flood coverage?
Sure enough, the U.S. House of Representatives adjourned for the year after failing to vote to extend the National Flood Insurance Program–a development that a top official at the Independent Insurance Agents & Brokers of America warned “could bring the real estate market to a grinding halt.”
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