The National Association of Mutual Insurance Companies expressed disappointment today that Congress could pass only a two-week extension of the National Flood Insurance Program with just days before the start of the 2019 hurricane season and urged lawmakers to pass a long-term reauthorization of the program to provide needed stability for policyholders.
“With the start of the 2019 hurricane season just days away, that Congress has been able to pass only a two-week extension of the NFIP is disheartening, as it needlessly creates uncertainty for policyholders across the nation,” said Jimi Grande, senior vice president of government affairs for NAMIC. “And as we have seen with the recent devastating flooding in the Midwest, the time has never been more critical for Congress to provide long-term stability for policyholders who have unfortunately been strung along from one short-term extension to the next.”
The Senate approved extending the program through June 14, and the House passed the measure by voice vote today, which is expected to be signed by President Trump. This is the 11th short-term extension since the last long-term NFIP reauthorization ended in September 2017.