WASHINGTON-The Senate, last night, extended the long delayed National Flood Insurance Program, an action that one agent group declared unacceptable due to political wrangling.
The reauthorization, which extends the program until Sept. 30, is retroactive, according to officials of the Independent Insurance Agents and Brokers of America, whose president expressed dismay that the program is being subject to delay.
"It is alarming that the NFIP was allowed to remain expired for so long, causing so much confusion and potentially leaving desperate homeowners and small businesses unprotected for almost a month," said Robert Rusbuldt, president and chief executive officer of the IIABA in a statement.
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