WASHINGTON–Two separate hearings will be held on flood insurance issues by House committees next Tuesday, one clearly designed to put added pressure on insurers to promptly settle claims still outstanding from Hurricanes Katrina and Rita in 2005.

The other hearing, before a subcommittee of the House Financial Services Committee, will review the flood insurance reform legislation that passed the House overwhelmingly last year but failed to get through the Senate.

Commenting about the forward-looking hearing on how the NFIP legislation should be updated, an official of the National Association of Mutual Insurance Companies said that any flood reform bill must include provisions that bring more people into the program and make rates more actuarially sound.

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