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The National Conference of Insurance Legislators added its voice to the growing chorus urging a delay of planned National Flood Insurance Program rate increases, while lobbyists with knowledge of the NFIP say Senate action on such a delay could come by the end of the year.

NCOIL passed a resolution at its annual meeting this past weekend stating that the Biggert-Waters Act “substantially and immediately devalued the investments made in all properties endowed with flood damage mitigation measures, as well as properties receiving subsidize rates.”

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