HR419 Alabama 2010 Session

Summary

Primary Sponsor

Joseph C. Mitchell

Democrat

Co-Sponsors

Steve McMillanJamie IsonJim BartonSteve ClouseBarry MaskDavid GrimesPhil WilliamsGreg WrenSpencer CollierAlan BootheAlan BakerChad FincherJoe FaustJames O. GordonYvonne KennedyThomas JacksonLesley VanceJames E. BuskeySeth HammettRandy DavisVictor GastonJimmy MartinHarry ShiverBenjamin H. Lewis

Session

Regular Session 2010

Title

U. S. Congress urged to approve H.R. 1264, the Multiple Peril Insurance Act of 2009

Summary

This Alabama House resolution urges Congress to pass H.R. 1264, the Multiple Peril Insurance Act of 2009, which would let homeowners buy wind and flood insurance in one policy under the National Flood Insurance Program.

What This Bill Does

If enacted, H.R. 1264 would amend the National Flood Insurance Program to allow wind and flood coverage to be sold together in a single policy. Premiums would be based on risk and designed to be actuarially sound, with the Congressional Budget Office labeling the plan budget-neutral. It would aim to provide prompt and full payment for wind and water damage, reducing the need for government disaster relief, and it would encourage insurance companies to return to coastal areas by expanding coverage options.

Who It Affects

• Coastal homeowners and property owners who would gain access to a combined wind and flood insurance policy that is more affordable and dependable.
• Taxpayers/general public who could see reduced government disaster assistance payments due to faster, full insurance payouts and the broader private coverage base.

Key Provisions

• Amends the National Flood Insurance Program to permit wind and flood insurance to be purchased in one policy.
• Premiums would be risk-based and actuarially sound.
• The bill is scored as budget neutral by the Congressional Budget Office.
• Provides for prompt and full payment for wind and water damage.
• Encourages insurance companies to return to coastal America by expanding coverage options.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Resolutions, Legislative