Insurance Industry Applauds $9.2 Billion NFIP Funding Increase

Vote for balance of $60 billion Superstorm Sandy aid package scheduled for January 15.

January 4, 2013

Chris McMahon

Industry organizations have responded enthusiastically to news that Congress has agreed to a $9.2 billion authorized increase to the National Flood Insurance Program (NFIP), which is necessary to pay claims resulting from Superstorm Sandy. The bill had already passed the Senate and President Barack Obama is expected to sign it.

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