Friday, January 4, 2013

House votes to expand borrowing authority for Sandy flood claims


Responding to the insurance claims of property owners hit by last October’s super-storm Sandy, the House voted Friday to approve $9.7 billion in additional borrowing authority for the National Flood Insurance Program which covers property owners in flood-prone areas. Responding to the insurance claims of property owners hit by last October’s super-storm Sandy, the House voted Friday to approve $9.7 billion in additional borrowing authority for the National Flood Insurance Program which covers property owners in flood-prone areas.



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