House approves opening flood market to industry

A measure aimed at opening the US flood insurance market to
greater participation by private insurers passed the House of
Representatives today with a bipartisan majority voting in
favour.
The issue, attached to a bill that extends various Federal
Aviation Administration and public health programmes for six
months, now goes to the Senate, where it may prove more difficult
to pass.
While the House previously voted unanimously for the so-called
Ross-Castor bill, in April 2016, Democrats in the cur