Multi-Perils Fails In Senate - - The News for South Mississippi

Multi-Perils Fails In Senate

BILOXI (WLOX) -- "Whether we win or not, we're not going to let up, " says Senator Roger Wicker.  

This was the promise from Senator Roger Wicker just minutes before the Senate would ultimately reject adding wind coverage to the National Flood Insurance Program.

Gulfport Homeowner Patty Regan says the vote sent a strong message to South Mississippi.

"It just says they don't really care...big business, yes, but not small business or home owners."

The Senate voted against it 73 to 19. Some point to Senators Chris Dodd and Richard Shelby as two of the driving forces against adding the amendment.  

"Senator Dodd, who's from Connecticut, a big insurance state, it's sort of expected he'd be against it.  But Senator Shelby from Alabama is really puzzling because he has three coastal counties, and they also had the insurance companies withdraw from writing home owner insurance there," says realtor Herb Dubuisson.

But Senators Dodd and Shelby say the amendment could expose an already bankrupt program to more risk. Some insurance companies agree.

"We really feel strongly the NFIT needs to make some other reforms in the flood section before they consider adding any sort of wind coverage," says State Farm Spokesman Jeff McCollum.  

But Senator Wicker says the Congressional Budget Office has already looked into the issue of added costs.

"This is budget neutral and the CBO backs us on that," says Wicker. 

Even though the amendment didn't pass, Senator Wicker says this won't be the end of the fight.

"We're not about to let this issue die," says Wicker.  

Even though the amendment did not pass the Senate, the bill concerning the National Flood Insurance Program will continue  to joint committees in the House and Senate.

By: Krystal Allan

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