The House passed a five-year extension of the National Flood Insurance Program, but a concurrent causation amendment is prompting fierce industry opposition, and it is unclear whether the Senate will even take up the measure this year.
Last week, the House was expected to reject a controversial bid to add wind coverage to the NFIP, a week after passing legislation to extend the program long term.
H.R. 1264, "the Multiple Peril Insurance Act," sponsored by Rep. Gene Taylor, D-Miss., came up for a vote as this edition went to press. (Go to www.property-casualty.com for the vote's outcome.)
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