House committee approves NFIP reform bill

03/17/2006 | Advocate (Baton Rouge, La.), The · Insurance Journal

A U.S. House committee has approved a bill that would increase the National Flood Insurance Program's borrowing authority and raise premiums on nonresidential property and vacation houses. The measure would allow the NFIP to borrow up to $25 billion and commission a study on 100-year flood plains.

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Advocate (Baton Rouge, La.), The · Insurance Journal

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