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.”

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.