Washington–Democrats introduced legislation in the House late today that would give victims of Hurricanes Katrina and Rita retroactive coverage under the federal flood insurance program.

At the same time, it was learned that the Republican leadership of the House Financial Services Committee has drafted legislation that would provide victims of the flood no financial support.

The draft bill obtained by the National Underwriter calls for a Government Accountability Office study of how flood insurance claims can be processed more efficiently.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
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.