Senate votes to renew Federal Flood Insurance Program

With a vote of 92-6, the Senate approved a five-year extension of the National Flood Insurance Program and set the stage for resolving differences in the version passed by the House last September, according to the Clarion Ledger.

The House bill differs from the Senate legislation in extending the program to cover wind damage. There were widespread complaints after Katrina that private insurers with wind coverage were judging damage from the hurricanes to be the result of flood, rather than wind, so as to shift the burden of compensation to the federal program.

The White House said that any bill including wind coverage would face a presidential veto, Continue reading “Senate votes to renew Federal Flood Insurance Program”