WASHINGTON–Plans by Democratic lawmakers to alter a National Flood Insurance Program reform bill by adding language allowing NFIP to provide windstorm coverage is creating concern among insurers.
“It is unfortunate that we are taking a flood reform bill that had strong bi-partisan and industry support and bogging it down with a very controversial addition that will create a great deal of opposition to the overall bill,” said Justin Roth, a senior director at the National Association of Mutual Insurance Companies.
The windstorm coverage provision in the legislation introduced yesterday is based on language in H.R. 920, a bill authored by Rep. Gene Taylor, D-Miss., that also would have expanded the NFIP to include windstorm coverage.
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