NFIP bill would cut Write Your Own fees to insurers

The US National Flood Insurance Program would be extended for
six years under a proposal from a bipartisan group of coastal state
senators that calls for caps on Write Your Own agency fees and
limits premium increases to 10 percent annually.
The measure proposed today would significantly reduce the
maximum premium increase, currently at 25 percent, and cut fees and
other compensation to Write Your Own companies that sponsoring
lawmakers say currently amount to at least 31 percent of premiums....