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Insurance Law News
5/13/2008 9:37:39 PM EST
LexisNexis Insurance Center Staff
Senate approves renewal of flood insurance program

WASHINGTON – (AP) The Senate agreed May 12 to write off and hand over to taxpayers more than $17 billion in debt that a FEMA flood insurance program accumulated after being devastated by Katrina and other 2005 hurricanes. The bill to extend the National Flood Insurance Program for five years also includes other measures. Full version available to lexis.com subscribers.

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