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FEMA NFIP leaders tell Connecticut forum: "Where it rains, it can flood" and most homeowners' policies exclude flood damage
Summary
Federal and industry speakers told a Jan. 30 Insurance & Real Estate Committee forum that flood risk is widespread, the National Flood Insurance Program remains central to recovery, and most homeowners and renters policies do not cover flood damage.
Representatives of the National Flood Insurance Program and private insurers briefed the Connecticut Insurance and Real Estate Committee on Jan. 30 about how flood insurance works and why homeowners and renters should consider buying it.
The National Flood Insurance Program, created by Congress in 1968, was described as a federal public–private effort to identify risk, enforce floodplain management, mitigate flood losses and provide insurance to property owners. "My name is Butch Kurnerney. I am the chief of partnerships and outreach at the NFIP," said Butch Kurnerney,…
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