Federal wind insurance seen

Wednesday, May 7th, 2008 Catastrophe Legislation & Regulation Property

A Senate bill to renew the national flood insurance program is expected to reach a final vote this week, but not before lawmakers from Florida and other Gulf Coast states try to rewrite it. As now drafted, the bill does not allow flood insurance customers an option of also buying wind coverage, unlike a version passed by the House of Representatives last year over White House protests that it would be "fiscally irresponsible" to do so.

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http://www2.tbo.com/content/2008/may/07/na-federal-wind-insurance-seen/

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