House passes flood insurance extension

The House of Representatives passed HR 5569, another temporary extension of the National Flood Insurance Program, until Sept. 30, 2010. The program has been suspended from issuing new policies since May 31. Reauthorization provisions have been embedded in controversial legislation on jobless benefits and tax breaks that has been twice voted down by Republicans in the Senate. The Senate must still act on it. The Independent Insurance Agents and Brokers of America (Big "I") commended the House for its vote and urged the Senate to act quickly. Source: Insurance Journal
COPYRIGHT © 2010 KCAL INSURANCE