Congress has extended the National Flood Insurance Program (“NFIP”) until December 7, 2018 in a bill entitled “National Flood Insurance Program Further Extension Act of 2018.”
The NFIP had been scheduled to lapse on November 30.
Nat Wienecke, senior vice president of federal government relations at the Property Casualty Insurers Association of America (“PCI”) said in a statement that the PCI “is pleased that Congress averted a lapse and passed legislation to continue the National Flood Insurance Program. However, this short duration is very concerning.
“Consumers and businesses need a reliable program that provides long-term access to flood insurance. Many Americans are in the process of rebuilding following the historic flooding brought on by the recent hurricanes. A long-term reauthorization will provide consumers with the certainty of knowing their claims will be processed promptly.
“We urge Congress to pass a long-term bill that will provide more consumer options and greater financial stability to the NFIP.”
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Steven A. Meyerowitz
Steven A. Meyerowitz, a Harvard Law School graduate, is the founder and president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. He may be contacted at [email protected].