Friday, January 4, 2013

Breaking News: House, Senate OK $9.7B More for Flood Insurance Claims

Insurance Journal Breaking News
January 4, 2013

Breaking News Alert

House, Senate OK $9.7B More for Flood Insurance Claims

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The House of Representatives voted today 354-67 to increase the borrowing authority of the National Flood Insurance Program (NFIP) by $9.7 billion.

The Senate, which already approved a similar increase but as part of a larger $60 billion Superstorm Sandy disaster relief measure, quickly approve the $9.7 billion for the NFIP by unanimous consent.

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