NU Online News Service, Aug. 20, 11:40 a.m. EDT
Facing another looming flood program expiration deadline on Sept. 30, agents are expressing frustration at Congress and are advising clients to pay renewals for flood policies in advance of the deadline in case there is another lapse.
Additionally, representatives from two Washington-based agent groups echoed comments by a Federal Emergency Management Agency official that write-your-own insurers participating in the National Flood Insurance Program (NFIP) are considering abandoning the program altogether because of multiple lapses and continued gridlock in Congress.
John Prible, vice president for federal government affairs for the Independent Insurance Agents and Brokers of America (IIABA) said Congress did include retroactivity in its June extension, which helped solve immediate problems agents faced.
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