NU Online News Service
WASHINGTON –A new bi-partisan bill that would expand the National Flood Insurance Program to provide "all-perils" coverage for homeowners and small businesses could disrupt private insurance markets, insurance industry trade groups said today.
But another trade organization, the Independent Insurance Agents and Brokers of America, welcomed the legislation, saying it will ensure there is a strong debate in Congress over the most appropriate course of action in dealing with the aftermath of weather catastrophes.
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