Washington – Testifying before a hearing of the House Committee on Financial Services Subcommittee on Oversight and Investigation, a representative of the Independent Insurance Agents & Brokers of America (IIABA) pushed for the passage of the Homeowners' Defense Act.
Alex Soto, an independent agent and immediate past board chairman of IIABA, stressed the importance of natural disaster legislation. Introduced in 2007 by Reps. Ron Klein (D-Fla.) and Tim Mahoney (D-Fla.), the act is intended to address the growing problem of natural disaster risks.
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