New Mexico’s two U.S. senators are pushing legislation that would make it easier for residents affected by wildfires on federal lands to take advantage of flood insurance administered by the Federal Emergency Management Agency.
Sen. Jeff Bingaman introduced the measure last week. Sen. Tom Udall is a co-sponsor.
Under current law, there’s a 30-day waiting period after flood insurance is purchased before coverage under a new contract can take effect.
The legislation would waive the waiting period in instances where fire creates or exacerbates a new flooding problem in areas where flooding would otherwise not be considered a significant threat.
Bingaman says the monsoon season is approaching and he wants to make sure residents have adequate flood protection.
Bingaman and Udall plan to press for an immediate vote on the bill.
Topics Legislation Flood
Was this article valuable?
Here are more articles you may enjoy.
NAIC Victim of Cyber Incident Via PeopleSoft System 
Ship Insurers Set for Major Claims From Iran War, Allianz Says 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
Intersecting Risks and the Future of Construction Insurance 
