NU Online News Service, April 24, 2:50 p.m. EDT
WASHINGTON—Insurance industry officials say a two-year National Flood Insurance Program extension, as proposed recently by the Federal Emergency Management Agency, is better than the current pattern of short-term extensions, but some associations say they would still rather see action on a five-year extension with program reforms.
In a comment today in reaction to the FEMA letter to Congress calling for a two-year extension, the Independent Insurance Agents and Brokers supported the FEMA proposal.
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