NFIP faces further bail-out and uncertain future on up to $12bn Sandy loss
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NFIP faces further bail-out and uncertain future on up to $12bn Sandy loss

The US government-backed National Flood Insurance Program (NFIP) is on course for another bail-out, with the deluge of claims from Superstorm Sandy expected to burn through its $900mn cash reserves and remaining $2.9bn

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