Tag: flood insurance extension

Flood insurance extension to be approved through new spending package

G. Turner
Flood Insurance Extension - Flooding

The good news, however, may only extend until July when a new deadline may approach once more. A new flood insurance extension will take the pressure off the program for another four months. The $1.3 trillion federal spending deal will give the National Flood Insurance Program (NFIP) another reprieve. This is the fourth temporary extension the NFIP has experienced since September 2017. Washington lawmakers have now given themselves until July to either create another flood insurance extension or overhaul the NFIP. The alternative would be to allow the country’s flood…

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NFIP Reform Bill Vote Expected After Farm Bill

Guest Author
Florida Insurance News - Citizens insurance

WASHINGTON – With the United States Senate now expected to address NFIP reform after the upcoming vote on the Farm Bill, SmarterSafer.org today urged the U.S. Senate to  pass long-term reform of the National Flood Insurance Program (NFIP) this week after  years of temporary extensions to the program. “For five years, Congress has passed temporary extensions of the NFIP, delaying  much-needed reforms that would better protect lives and property and save taxpayers billions of dollars,” said SmarterSafer.org. “A long-term extension would provide much-needed certainty to the recovering economy by protecting homeowners…

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SmarterSafer.org Statement Praises Senate Agreement to Vote on Long-Term Flood Reform

Guest Author
Flood Insurance Reform

WASHINGTON ‒ SmarterSafer.org today released a statement praising the U.S. Senate for agreeing to vote on a long-term extension of the National Flood Insurance Program (NFIP) after passing a 60-day extension of the NFIP. “We are pleased that the U.S. Senate has agreed to finally consider long-term reform of the National Flood Insurance Program (NFIP) after they voted for a 60-day extension of the troubled program.  Flood reform not only shares wide bipartisan support in both the Senate and the House, it is the stated policy of the Administration. “We…

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National Flood Insurance Program wins extension from Senate

Nordstrom

The National Flood Insurance Program seems to have avoided expiration again, as federal legislators passed a new short-term funding bill that would keep the program afloat until December 16 of this year. The program has been burdened by crippling debt since 2005’s Hurricane Katrina. The majority of people in the U.S. have flood insurance provided by the program, which has put pressure on lawmakers to fix the program before these people lose their insurance coverage. Fixing the program, however, seems to be easier said than done. NFIP was scheduled to…

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