After two flood-insurance legislation efforts failed in the Senate, an industry official says a short-term extension will be about all the industry will get before the current National Flood Insurance Program authorization expires Sept. 30.
Charles Symington, senior vice president of government affairs for the Independent Insurance Agents and Brokers of America (IIABA), says, "We appreciate both the House and Senate for their work on a long-term extension and reform of the National Flood Insurance Program, and we strongly support reforming the program."
However, he adds, "At this point the simple fact is there may not be enough time left on the legislative calendar to get a reform bill through the Senate and reconciled with the House bill before the program's expiration on Sept 30."
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