Senate passes bill to prolong the National Flood Insurance Program for a short period while trying to resolve issues

Recent storm bringing widespread flood damage have brought the issue of flood insurance into the limelight. Despite it being required in some areas prone to flooding, flood insurance is rare throughout the country. Many insurance companies do not offer such coverage because the potential for loss. Those that do offer the coverage do so at a high price, making it, in some cases, unaffordable for homeowners. Complicating matters is the ailing National Flood Insurance Program, which is meant to provide consumers with affordable access to flood insurance. The program is…

Read More

SMARTERSAFER.ORG Urges Senate To Pass NFIP Reauthorization Before Sept. 30 Expiration

In a letter to Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell, SmarterSafer.org today urged the Senate to pass legislation to re-authorize the National Flood Insurance Program (NFIP) before it expires on Sept. 30. “While we believe the bill could be strengthened, the Banking Committee has taken a needed step to reforming the nation’s flood insurance program and Smarter Safer joins a range of stakeholder groups in applauding this legislation,”SmarterSafer.org said in a letter to the Senators. “We urge the full Senate to quickly pass this needed…

Read More