Houses passes bipartisan reform to encourage private flood insurance

The House voted on Thursday to pass legislation that includes a bipartisan act that encourages the creation of private flood insurance markets. While this falls outside of the broader debate to reform the National Flood Insurance Program, it addresses a key issue in flood insurance coverage. But due to the timing of the legislation, it wasn’t nearly as bipartisan of an act as it was in the past. …read more

From:: Real Estate Wire