One lingering consequence of Hurricane Katrina is evident in the state of limbo in which the National Flood Insurance Program currently resides. In March, lawmakers approved another temporary extension of the program, again sidestepping the contentious issue of whether to include coverage for wind damage in the program.
Now, according to Reuters, the Obama administration has weighed in on the debate. Reuters reports that House Financial Services Committee Chairman Barney Frank (D-Mass.) received a letter from Department of Homeland Security Secretary Janet Napolitano indicating the administration opposes expansion of the NFIP to include wind coverage.
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