WASHINGTON–Legislation to reform the National Flood Insurance Program is being kept from a vote on the Senate floor by a Louisiana senator who objects to rate increases it contains.

The legislation, known as the Flood Insurance Reform and Modernization Act, was sponsored by the chairman of the Senate Banking Committee, Chris Dodd, D-Conn., along with the panel’s ranking member, Richard Shelby, R-Ala. It was approved by the committee earlier this week, but Sen. Mary Landrieu, D-La., has filed a hold on the measure.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.