NU Online News Service, May 13, 3:10 p.m. EDT
Industry officials today lauded the decision of the House Financial Services Committee to report out legislation reauthorizing the National Flood Insurance Program, noting that the panel was acting against the background of historic flooding in the Mississippi Valley area.
They also reacted to the decision not to "depopulate" NFIP-direct policies now serviced by State Farm agents, and to a provision in the legislation adding business interruption coverage to the program.
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