Despite claims to the contrary, Congress may very well be forced to reopen the debate on the 2012 bill reauthorizing the National Flood Insurance Program.
Indeed, the debate, or behind-the-scene maneuverings, could overshadow the battle over Obamacare that most people anticipate will dominate proceedings when Congress returns to work Sept. 9.
That's because the NFIP rate increases affect states with political clout along the Gulf Coast and the Eastern Seaboard, and, if implemented, could destabilize the housing markets in these states, which include Louisiana and Mississippi as well as New York and New Jersey.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
