Push is on to expand federal flood insurance

THE HEAVY RAINS,  gusting winds and floods brought by the April 15-16 nor'easter offered a powerful reminder of Rhode Island's vulnerability just as insurers are seeking higher premiums or denying coverage to some homeowners and residents. Above, Rhodes-on-the-Pawtuxet is flooded by the river for which it is named.
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THE HEAVY RAINS, gusting winds and floods brought by the April 15-16 nor'easter offered a powerful reminder of Rhode Island's vulnerability just as insurers are seeking higher premiums or denying coverage to some homeowners and residents. Above, Rhodes-on-the-Pawtuxet is flooded by the river for which it is named. /
With his party now controlling Congress, Rep. Barney Frank, D-Mass., has joined forces with a Republican colleague to try again to reform the struggling National Flood Insurance Program, which remains $20 billion in the red after hurricanes Katrina and Rita and is widely considered to be underfunded. Frank, who chairs the House Financial Services Committee,…

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