The National Flood Insurance Program will live to see another day

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Higher cost of flood insurance caus...
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Congress votes to keep the NFIP, which provides 5.6 million people with coverage On Friday, Congress gave its approval to extend the National Flood Insurance Program by another 5 years, ensuring that 5.6 million people will be able to maintain their current coverage. The decision was made to help to keep the fragile housing market from additional harm. If Congress had chosen not to renew the program, the result could have been devastating to the housing market, as prospective homeowners in areas considered at risk of flooding would not be…

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