The House today passed legislation that would provide certainty to the National Flood Insurance Program.
Amongst other critical provisions, the legislation reauthorizes the NFIP for 5 years and includes provisions designed to phase in market rates and reduce instances where a homeowner submits multiple claims.
The legislation, H.R. 5114, the "Flood Insurance Reform and Priorities Act of 2010," passed the House 329-90. It is sponsored by Rep. Maxine Waters, D-Calif.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
