The Obama administration will ask Congress to raise the National Flood Insurance Program’s borrowing authorityby more than $4 billion to $25 billion during the current lame-duck session, according to federal, state and industry officials. The current borrowing authority is $20.775 billion.

The administration will move promptly on the issue to ensure no repeat of what happened in 2005 in the aftermath of Hurricane Katrina, according to Don Griffin, vice president of personal lines at the Property and Casualty Insurers Association of America and head of the industry’s flood insurance coalition.

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