Legislation currently making its way through Congress would authorize risk transfer groups to insure more types of risks. (Photo: iStock) Insurance industry groups applauded the House vote to extend the NFIP, again calling for a long-term reauthorization of the flood insurance program. (Photo: iStock)

With a House vote, the National Flood Insurance Program (NFIP) has again avoided a lapse in funding, receiving its 16th short-term extension since 2017.

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