NM insurance chief calls on Legislature to ensure recent flood victims are covered

NM insurance chief calls on Legislature to ensure recent flood victims are covered

Debris wraps around trees and stripped homes along the Rio Ruidoso after recent flooding. The state's chief insurance regulator is hoping lawmakers will fix the state Insurance Code to ensure insurance companies cover floods that follow wildfires. (Photo by Danielle Prokop / Source NM)The leader of the state’s insurance regulator told lawmakers on Wednesday that a gap in state law might allow insurance companies to refuse to cover damages insure…