Committee advances bill to link flood coverage to wildfire damage after extensive debate over premiums The Senate Conservation Committee advanced Senate Bill 154, which would require or offer flood coverage for flood losses that are directly attributable to a prior wildfire burn scar; supporters cited Ruidoso’s losses while insurers warned of higher premiums and market contraction.

The Senate is pushing a bill that could reshape flood insurance for wildfire victims, sparking fierce debate over costs and coverage options.

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#NM #InsuranceReform #CitizenPortal #FloodCoverage #WildfireRelief #NewMexicoHomeowners

#Texans, check your insurance policy for #floodcoverage. If it doesn't have it, then you know you are in a high-risk zone for #flooding. Consider moving somewhere that is not on a flood plain. If you live along this river, with its history, it's just a matter of when for the next one, more often.