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Congress passes flood insurance bill
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Legislative Developments
Wednesday, March 19, 2014
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Congress has passed legislation to address what industry associations call the unintended consequences of the Biggert-Waters Flood Insurance Reform Act, including premium spikes and the negative impact on the sale and construction of homes across the country. The associations applauded the bill’s passage, saying it brings certainty to homeowners and financial stability to the National Flood Insurance Program.
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