Flood coverage raises debate among insurers, consumer groups

04/2/2007 | PropertyCasualty360

The Property Casualty Insurers Association opposes efforts to change the way insurers handle flood coverage and noted that changing the current system would increase costs. The Consumer Federation of America has asked lawmakers to bar insurance companies from using "anticoncurrent causation" clauses in their homeowners' policies to decline wind claims. PCI Senior Vice President Ben McKay says the group incorrectly claims insurers have a conflict of interest when they sell wind and flood coverage.

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