Filed Under:Markets, Personal Lines

Industry, Taylor React To 'Compromise' Senate Wind vs. Water Bill

NU Online News Service, July 29, 4:09 p.m. EDT

Legislation introduced in the Senate today that would split the difference on "wind vs. water" claims after a hurricane appears to be generating little support within the property and casualty insurance industry.

Moreover, Rep. Gene Taylor, D-Miss., also doesn't appear to be accepting the legislation as an alternative to his House bill that would add windstorm coverage to the National Flood Insurance Program.

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