The National Association of Mutual Insurance Companies is calling on the Senate to resist calls to delay or rescind flood insurance rate increases now being implemented through a 2012 law.
The NAMIC letter was sent to the Senate legislative leadership Wednesday apparently out of concern that some members of the Senate would try to insert such language in the must-pass legislation that moved through Congress yesterday that raised the debt ceiling and ended the federal government shutdown.
While the bill did include several provisions not directly related to the two critical issues, provisions touching on the flood insurance rate hikes were not included.
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