Statement Praises Congress for Passing Five-Year Extension of National Flood Insurance Reform

Insurance News

Insurance News

WASHINGTON ‒ today released a statement praising Congress for passing a five-year extension of the National Flood Insurance Program (NFIP) that includes reform of the NFIP.

“Congress passing the extension of the National Flood Insurance Program for five years is a momentous step towards better protecting our communities, environment and taxpayers.   Reforms in the bill will guard lives and property, help ensure flood maps are accurate, phase out expensive subsidies, and allow the program to access private sources of financing – putting the NFIP on sounder financial footing while moving people out of harm’s way and environmentally sensitive areas.  We are pleased to see that NFIP reform will now head to the President’s desk for his signature.” is a national coalition made up of a diverse set of voices united to support environmentally-responsible, fiscally-sound approaches that promote public safety. The Coalition strongly opposes legislative proposals that encourage people to build homes in hurricane-prone, environmentally-sensitive areas by creating new programs that directly or indirectly subsidize their homeowner’s insurance.

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