Assurant favours US flood programme multi-year extension

A reauthorisation of the National Flood Insurance Program should
include provisions to bring more private carriers into the space
and it should cover several years to avoid disrupting the programme
and the US housing market, a key executive with a major flood
underwriter said.
With the NFIP set to expire at the end of September, Congress
has begun the process of renewing it and is eying ways to reform
the programme to reduce its reliance on taxpayer subsidies.
"Everyone's in...