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PIA Comments on Short NFIP Extension in National Underwriter

The National Underwriter is featuring an article based on PIA's comments regarding the very short extension granted to the National Flood Insurance Program (NFIP). The...
November 11, 2009

The National Underwriter is featuring an article based on PIA's comments regarding the very short extension granted to the National Flood Insurance Program (NFIP). The article is headlined "Agents Hammer Congress for Another Brief Flood Insurance Program Extension." Here's how the article begins:

The U.S. Senate's vote to continue the National Flood Insurance Program for only 46 days drew fire from an insurance agent group, which warned against playing "Russian roulette" with policyholders.

After extension of the authorization was voted on Oct. 29, the National Association of Professional Insurance Agents was highly critical of its short length, saying the move imposes uncertainty on mortgage lenders and homeowners.

The article goes on to quote PIA National Director of Federal Affairs Mike Becker at length on the need for a six-month extension to allow sufficient time for consideration of comprehensive NFIP reforms.

Agents Hammer Congress (National Underwriter 11/9/09)

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