A House panel has reported out flood insurance legislation and two other bills dealing with natural catastrophes, but only the flood program extension has unanimous industry backing.
Last Tuesday, the House Financial Services Committee cleared the Flood Insurance Reform Priorities Act of 2010, H.R. 5114, for a floor vote. No date has been set for House floor action.
Besides extending the National Flood Insurance Program for five years, H.R. 5114 includes limited changes for the program, such as increasing the maximum coverage limits for flood insurance policies.
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
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
