Buying time to craft a more lasting solution, the House of Representatives has passed another temporary extension to the National Flood Insurance Program, keeping the cash-strapped program afloat through March 31, 2010.
Legislators have not yet found common ground on whether to include coverage for wind damage in the NFIP. Opponents of a wind inclusion say that it is unnecessary, and will crowd out private-market insurers, while proponents of its inclusion counter that it is necessary to stop private insurers from shifting claims caused by wind damage to the flood program.
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