A House hearing has been scheduled for March 9 on the status of the National Flood Insurance Program amid signs that legislation reauthorizing the program that passed the House last year will soon be re-introduced—albeit with some changes sought by the industry.

Rep. Judy Biggert, R-Ill., chairwoman of the Insurance, Housing and Community Opportunity Subcommittee of the House Financial Services Committee, has called the hearing.

Industry officials who asked not to be named confirmed that Rep. Biggert has agreed to sponsor legislation, which passed the House in July, reauthorizing the program for five years.

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
NOT FOR REPRINT

© 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.