In a case of politics making strange bedfellows, opposition to legislation expanding the National Flood Insurance Program to include wind coverage has brought insurer watchdog J. Robert Hunter of the Consumer Federation of America together with the Reinsurance Association of America.
The two are part of a consortium that called on the Senate Banking Committee not to pass HR 3121–the Flood Insurance Reform and Modernization Act of 2007.
HR 3121–which has already won approval in the House–combined previously introduced flood reforms designed to increase the number of consumers in the program and reduce subsidies for some properties, with a bill introduced by Rep. Gene Taylor, D-Miss., to add a wind coverage option.
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