WASHINGTON--Sen. Hillary Rodham Clinton, D-N.Y., who is pushing to add wind coverage to the National Flood Insurance Program, has written the chairman of the Senate Banking Committee, urging him to support that change.
In a letter Friday to Sen. Chris Dodd, D-Mass., Sen. Clinton said she believed that adding coverage to the NFIP--as proposed in legislation passed by the House Sept. 27 as H.R. 3121--"should merit our consideration and support."
She added, "Congressman Gene Taylor, D-Miss., and others have offered a sound and responsible proposal that according to the CBO [Congressional Budged Office] would have 'no significant net budgetary impact' while providing an effective and workable solution for homeowners."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.