Private flood insurance bill edges toward approval

A bill that could see private surplus lines carriers take a
larger chunk of the market for flood insurance has overcome another
hurdle after passing the US House of Representatives.
The Flood Insurance Market Parity and Modernization Act was
unanimously passed by the House earlier today (28 April).
If made law the bill would give consumers the choice between
coverage provided by the beleaguered National Flood Insurance
Program (NFIP) and that bought in the private market.
Tom Santos, vice presid