WASHINGTON–The Bush administration threatened a veto yesterday if the House includes windstorm protection in legislation to reform the National Flood Insurance Plan that is up for a vote today.
A Statement of Administration Position issued by the Office of Management and Budget said it would recommend the president veto the bill if it included windstorm provisions.
Other amendments proposed for the bill would preempt state contract law in insurance claims handling and effectively reverse recent court decisions favorable to the insurance carriers and agents.
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