NU Online News Service, June 23, 2:49 p.m. EST
WASHINGTON—Sen. Richard Shelby today expressed "confidence" that Congress will be able to enact legislation mandating a long-term reauthorization of the National Flood Insurance Program before the current authorization runs out Sept. 30.
At the same time, a witness for the Government Accountability Office cautioned that while the troubled NFIP program could be made viable for the long-term, "Successfully reforming NFIP would require trade-offs among" several "often competing goals."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
© 2025 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.
