House votes to renew the National Flood Insurance Program for another five years

The National Flood Insurance Program has been renewed for another five years, after a vote from the House on Tuesday.  The program has been struggling financially for several years, unable to withstand the burden of past disasters and new clients. It has long been the last place people could find affordable flood insurance, especially after Hurricane Katrina drove many insurers away from coastal states. The program’s fate now lies in the hands of Congress, who must determine the final course of action before September 30th, when the program will expire…

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