Bill to preserve and reform NFIP emerges in House

A measure extending the National Flood Insurance Program for
five years may soon emerge in the US House of Representatives,
where Republican leaders are circulating an outline of a bill to
prevent the programme from expiring in September.
Among major provisions, the measure would require the use of
reinsurance or other risk-transfer mechanisms by the programme,
known as NFIP, to bolster its financial strength, according to a
summary. In addition, the bill would encourage more private
carriers to