Vehicles sit partially submerged in floodwaters after Hurricane Michael hit in Panama City, Florida. (Photographer: Luke Sharrett/Bloomberg)

Congress authorized a 7-day extension of the National Flood Insurance Program (NFIP) on Friday. This is the eighth short-term extension of NFIP in 2018 alone, and the seventeenth extension since 2008.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 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.