WASHINGTON–The National Association of Insurance Commissionersand insurance industry trade groups are voicing support forlegislation aimed at making the National Flood Insurance Programself-supporting.
But insurance groups continued to criticize an amendmentinserted Tuesday when the bill passed, which requires theGovernment Accountability Office to investigate how insurancecompanies are determining whether hurricane home destruction iscovered wind damage or an excluded flood claim.
A major concern is that the provision, introduced on the Housefloor by Rep. Gene Taylor, D-Miss., calls for an “investigation,”rather than a study, of the wind-vs.-flood issue.
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