Congress Extends Flood Program

Statement from NAIC:

The NAIC appreciates that Congress took action to pass a four-month extension of the National Flood Insurance Program (NFIP), avoiding a lapse in the program. The NAIC urges Congress to use this time to work towards a long-term reauthorization that supports private market development and resiliency planning. These measures would help provide consumers with additional choices and help minimize the impact of damage and economic loss. State insurance regulators stand ready to assist Congress in tackling the challenges of NFIP reauthorization and reform.