WASHINGTON–A Mississippi congressman on Tuesday reintroduced legislation that would add wind coverage to the National Flood Insurance Program–something the industry said is already widely available in the private sector and would be unnecessarily costly to taxpayers.
The legislation, the Multiple Peril Insurance Act, is sponsored by Rep. Gene Taylor, D-Miss., the primary sponsor of similar legislation in the last Congress.
The bill was added as an amendment on the House floor to the Flood Insurance Reform and Modernization Act of 2007, which passed the House overwhelmingly, but which failed to win support in the Senate.
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