Wicker Plans to Revive Wind-Vs.-Water Debate With Flood-Bill Amendment
A senator plans to revive the sensitive “wind-vs.-water” issue by introducing an amendment to the Senate bill reauthorizing the National Flood Insurance Program (NFIP) when it is marked up Thursday.
An aide to Sen. Roger Wicker, R-Miss., confirmed today his plans to offer the amendment that would split the difference.
The aide says the amendment is justified, stating that the senator notes that currently, insurance adjustors, usually employed by private wind insurers, were responsible for determinations of wind-vs.-water damage.
“This potential conflict of interest was cited by the Government Accountability Office in its reports following Hurricane Katrina,” Wicker says.
propertycasualty360.com
9/7/11
