Bill seeking long-term extension for NFIP clears House

07/15/2010 | PropertyCasualty360

The House passed legislation that would reauthorize the National Flood Insurance Program for five years, after approving an amendment that would prevent Write Your Own insurers from using language to deny claims of wind damage on properties that are also flood-damaged, a proposal opposed by the P/C insurance industry. "This would create a competitive disadvantage for those WYO companies who support the NFIP, and threatens to force private insurers out of the WYO market," said PCI President David Sampson.

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