House delays action on long-term NFIP reauthorization bill

04/21/2010 | PropertyCasualty360

The House Financial Services Committee deferred a vote until next week on legislation that would reauthorize the National Flood Insurance Program for the long term as the committee's Housing and Community Opportunity Subcommittee was conducting a hearing on flood and catastrophe issues. The legislation drew support from industry trade associations. "We need a long-term, sustainable solution to the flood program," said PCI President David A. Sampson.

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