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(Reuters) — The National Flood Insurance Program estimates it will make $11 billion in payments through the government-run program for flooding in Texas caused by Hurricane Harvey, the program's administrator, Roy Wright, said on Wednesday.
Additionally, in an attempt to make those payments more quickly, homeowners who do not object to the determination made by adjustors will be able to receive their payouts without completing additional paperwork, Mr. Wright said.
The Property Casualty Insurers Association of America is calling for at least a six-month extension of the National Flood Insurance Program to allow the Federal Emergency Management Agency to deal with Tropical Storm Harvey claims.