Insurance industry officials are voicing strong support for the legislation signed into law Sunday by President Obama that raised the borrowing authority for the National Flood Insurance Program by one-third.
Those praising Congress for its action include the Independent Insurance Agents and Brokers of America, the Property Casualty Insurers Association of America, the National Association of Mutual Insurance Companies and the American Insurance Association.
Governors Andrew Cuomo of New York and Chris Christie of New York also thanked Congress for its action.
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