NFIP bill before US House wins realty industry backing

A Republican plan to revamp the US National Flood Insurance
Program, or NFIP, gained some momentum today with an endorsement
from the National Association of Realtors, a group that represents
more than 1mn property agents and others who work in the real
estate industry.
The association endorsed the measure cobbled together by US
Representative Jeb Hensarling, a Texas Republican who leads the
lower chamber's Financial Services Committee, saying changes
such as new curbs on fee and rate increases