Lawmaker says he'll view alternatives to request on NFIP borrowing

12/11/2012 | PropertyCasualty360

Senate Banking Committee Chairman Tim Johnson, D-S.D., said increasing the National Flood Insurance Program's borrowing authority by 50% "is the primary solution" to pay claims related to Hurricane Sandy and its remnants. He added, however, that he is considering alternatives. "That's the only solution I see, but I could be wrong," Johnson said.

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