National Flood Insurance Program problems remain despite recent extension

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NFIP continues to be riddled with challenges even as the White House pushed its expiry date. Last week, the White House signed a resolution to extend NFIP, but the National Flood Insurance Program problems are still there regardless. NFIP’s latest extension will keep it from expiring until September 30, 2021. Of course, giving it another year hasn’t made all the other National Flood Insurance Program problems disappear. Still, at least it has purchased another twelve months in which to protect those in high risk areas from having to go without…

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Federal lawmakers expected to take action on flood insurance program this week

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Expiration date for the National Flood Insurance Program looms The National Flood Insurance Program (NFIP) is roughly nine days away from expirations (May 31, 2012), and federal lawmakers have yet to take any definitive action on the beleaguered insurance program. Federal legislators have long relied on several short-term extensions for the program, many of which extended the life span of the program for three-to-six months. Though lawmakers have not acted, they are not lacking options concerning the insurance program. Last year, the federal House of Representatives approved a plan to…

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