Flood insurance mandate defeated in Illinois

Illinois Insurance industry

Congressional delegation members in the state bring the measure to a halt. Illinois congressional delegation members have announced that a flood insurance mandate for homeowners residing behind what they feel are healthy barriers against flooding, has been defeated. The proposal had initially been an element of the reauthorization bill for the National Flood Insurance Program. However, according to federal lawmakers, the mandate for the coverage was buried within the Illinois bill without much warning. U.S. Senator Dick Durbin has announced that this provision has now been successfully removed by the…

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