NU Online News Service, April 24, 2:50 p.m. EDT
WASHINGTON— Industry officials are saying that the two-year National Flood Insurance Program extension, as proposed recently by the Federal Emergency Management Agency, is better than the hodge-podge of short-term extensions that have been passed in recent history and are becoming norm when it comes to the NFIP.
In a comment today in reaction to the FEMA letter to Congress calling for a two-year extension, the Independent Insurance Agents and Brokers supported the FEMA proposal. But, officials of the National Association of Professional Insurance Agents joined the American Insurance Association and the National Association of Mutual Insurance Companies in voicing support for more certainty by advocating for a five-year extension.
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