Insurance-industry officials say a two-year National Flood Insurance Program (NFIP) extension, as proposed recently by the Federal Emergency Management Agency (FEMA), is better than the current pattern of short-term extensions—but some associations say they would still rather see action on a five-year extension with program reforms.

In an April 24 comment in reaction to the FEMA letter to Congress calling for a two-year extension, the Independent Insurance Agents and Brokers of America (IIABA) supported the FEMA proposal.

But officials of the National Association of Professional Insurance Agents joined the American Insurance Association and the National Association of Mutual Insurance Companies in voicing support for more certainty: a five-year extension.

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