Wicker Introduces Flood Insurance Reform to Provide Certainty for Homeowners

WASHINGTON, D.C. – May 26, 2011 – (RealEstateRama) — U.S. Senator Roger Wicker (R-Miss.) today introduced the Consumer Option for an Alternative System to Allocate Losses (COASTAL) Act to reform the National Flood Insurance Program (NFIP) by using increased data during the claims process. Wicker’s legislation would provide greater certainty to homeowners and the insurance market, ensuring certain losses from future storms are settled in a timely and equitable manner