EXCLUSIVE-Obama admin opposes flood insurer plan wind add-on
Source: Reuters
WASHINGTON, May 13 (Reuters) - The Obama administration opposes adding wind-damage coverage to the national flood insurance program, according to a letter written by a senior administration official and obtained by Reuters on Wednesday. The letter represents a potential turning point in a long-running debate about the federal flood insurance program. Reform legislation stalled in Congress last year in a dispute over the wind-damage coverage issue. The letter from Department of Homeland Security Secretary Janet Napolitano to Representative Barney Frank, chairman of the House of Representatives Financial Services Committee, said the administration "strongly opposes" portions of a House bill approved last year that would have added wind coverage to the program. (Reporting by Kevin Drawbaugh, Editing by Chizu Nomiyama)
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