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Flood Insurance Program In Jeopardy After House Fails To Pass An ExtensionThe U.S. House of Representatives failed to vote to extend the National Flood Insurance Program before lawmakers adjourned for the year–a development that a top official of the Independent Insurance Agents & Brokers of America warned “could bring the real estate market to a grinding halt.”

Justin Roth, director of government affairs for the Alexandria, Va.-based IIABA, explained that the National Flood Insurance Program, set to expire Dec. 31, was not included as part of a continuing resolution passed by the House of Representatives, whose lame duck session concluded late last month. Earlier, the Senate had approved an extension.

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