Congress votes to expand borrowing authority for Sandy flood claims

Posted on 05 January 2013. Tags: , , , , , , ,

Responding to the insurance claims of property owners hit by last October’s super-storm Sandy, the House and Senate on Friday approved $ 9.7 billion in additional borrowing authority for the National Flood Insurance Program which covers property owners in flood-prone areas.Responding to the insurance claims of property owners hit by last October’s super-storm Sandy, the House and Senate on Friday approved $ 9.7 billion in additional borrowing authority for the National Flood Insurance Program which covers property owners in flood-prone areas.




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