Congress has again temporarily extended the federal flood insurance program, this time until Dec. 18, 2009.
The latest extension was approved by the House and Senate as part of an appropriations bill for the Department of the Interior.
Without the extension, the National Flood Insurance Program would have expired Oct. 31. This deadline was itself the result of a previous temporary extension.
The National Association of Mutual Insurance Companies commended Congress for the extension but urged that a longer solution be found.
“We applaud Congress for ensuring the National Flood Insurance Program will remain in place and hope that it will enact a lengthier extension before the continuing resolution expires,” said Jimi Grande, senior vice president of federal and political affairs for NAMIC.
Insurance agents, too, have been frustrated by the temporary extensions and have urged Congress to address the needs of the program longer term, along with reforms that would hike coverage limits and make business interruption insurance available.
Topics Flood
Was this article valuable?
Here are more articles you may enjoy.
Former Ransomware Negotiator Pleads Guilty to Aiding Attackers 
Study Finds ‘Alarming’ High Flood Risk for 17M Americans on Atlantic, Gulf Coasts 
Travelers to Expand Homeowners Insurance Offering in California 
GEICO Responds After Error Sent Cancellation Notices to Florida Drivers 
