NU Online News Service, July 20, 3:57 p.m. EDT
Adding wind coverage to the National Flood Insurance Program would benefit insurers by flowing premium dollars to them while removing risk and capital costs from the private sector, a House legislator's office said.
Brian Martin, policy director for Rep. Gene Taylor, D-Miss.–who introduced a bill in the House, H.R. 1264, that would add wind coverage to the NFIP–also said the pressure on overburdened state wind pools would be eased by allowing the NFIP to cover wind.
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