House subpanel OKs legislation to extend NFIP for 5 years

04/8/2011 | PropertyCasualty360

The House Subcommittee on Insurance, Housing and Community Opportunity voted in favor of legislation that would reauthorize the National Flood Insurance Program until September 2016. The insurance industry is supporting the proposed measure. "Long-term reauthorization of the NFIP is critical as the program will expire again on September 30 absent congressional action," PCI's Ben McKay said.

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