House lawmakers are expected to focus on whether or not wind coverage should be added to the National Flood Insurance Program later this week.
The bill -- HR 3121, the Flood Insurance Reform and Modernization Act -- faces opposition from at least parts of the insurance industry, who are expected to lobby intensely against it when it comes to the House floor.
One way the program reforms the NFIP, for example, is phasing out subsidized rates on vacation homes and second homes, a provision extending the program to cover all home damage perils in addition to flooding concerns in the insurance industry.
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