Flood Insureds Left High And Dry
Who would have thought that when the lame duck Congress finallyleft Washington for good this year, they would have providedterrorism insurance, but not flood coverage?
Sure enough, the U.S. House of Representatives adjourned for theyear after failing to vote to extend the National Flood InsuranceProgram–a development that a top official at the IndependentInsurance Agents & Brokers of America warned “could bring thereal estate market to a grinding halt.”
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