Whether the insurance industry will have certainty about theNational Flood Insurance Program (NFIP) is now in the hands of theU.S. Senate.
The House on July 12 passed legislation that would reauthorizethe NFIP until Sept. 30, 2016. But whether Congress can act on along-term reauthorization before the current program's extensionexpires Sept. 30 remains unclear.
The final House bill contains one potential historic shift inthe program: some movement toward privatization, at least throughreinsurance.
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