Filed Under:Markets, Personal Lines

Pres. Obama Voices Support for Phasing Out NFIP Subsidies on Some Properties

A Sept. 28, 2010 Associted Press file photo of President Barack Obama at a rally at the University of Wisconsin, Madison, Wis. (AP Photo/Morry Gash, File)
A Sept. 28, 2010 Associted Press file photo of President Barack Obama at a rally at the University of Wisconsin, Madison, Wis. (AP Photo/Morry Gash, File)

NU Online News Service, Sept. 19, 2:39 p.m. EDT

WASHINGTON—In his deficit-reduction proposal, President Obama voices support for provisions in House legislation that would eliminate subsidies, over five years, on 30 percent of properties insured by the National Flood Insurance Program.

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