The Associated Press reports here that the Senate passed today its version of a bill extending the National Flood Insurance Program for five more years. In order to make the program more financially solvent, the bill would increase premiums and reduce subsidies. The Senate rejected extending the program to cover wind damage. The previously passed House bill did include an expansion to cover wind damage.
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May 13, 2008
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Tred Eyerly practices law in Honolulu, Hawaii, and focuses on insurance coverage issues.
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