The National Flood Insurance Program was once again allowed to lapse last week, a victim of a feud between the House and Senate over proposed legislative changes.
The Senate adjourned without passing an enabling measure to keep the NFIP in business past March 28, when the current enabling law expired. Congress will not reconvene until April 12.
The House had passed H.R. 4851, which included a temporary flood program extension until April 30. That action created an impasse between the House bill and a Senate bill with a provision extending the NFIP until Dec. 31.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
