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Home » Store » News » Senate Banking Panel Approves Bill Authorizing Loss Mitigation Pilot for Repeat-Loss Properties

Senate Banking Panel Approves Bill Authorizing Loss Mitigation Pilot for Repeat-Loss Properties

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Legislation aimed at reducing losses to properties for which federal flood insurance claims were paid more than once sailed through the Senate Banking, Housing and Urban Affairs Committee this week. The Flood Insurance Reform Act of 2004, S. 2238, would reauthorize the National Flood Insurance Program through Sept. 30, 2008, with an annual budget of $40 million, thereby ensuring continued availability of flood
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