Columbus, Ohio-based Nationwide Insurance today called for a federally reinsured homeowners insurance policy that would offer both flood and wind insurance.

The concept of a federally supported flood and wind policy is contained in a measure to reform the National Flood Insurance Program that was recently passed by the U.S. House of Representatives, but a rival Senate bill contains no such provision.

A conference committee session to work out the differences in the two bills has yet to be scheduled.

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