People walk on a flooded street at a trailer park following Hurricane Ian in Fort Myers, Florida, US, on Thursday, Sept. 29, 2022. People walk on a flooded street at a trailer park following Hurricane Ian in Fort Myers, Florida, on Thursday, Sept. 29, 2022. (Credit: Eva Marie Uzcategui/Bloomberg)

On September 30, 2022, President Joe Biden signed legislation – passed by both the Senate and House – that extends the National Flood Insurance Program’s (NFIP) authorization to December 16, 2022. The NFIP is managed by FEMA and is available to anyone living in one of the 23,000 NFIP participant communities. The program assists property owners, renters and businesses to obtain flood coverage through their network of over 50 insurers, since standard homeowners policies don’t cover flood damage.

“Since 2018, every single U.S. State has experienced a flood emergency,” RIMS President Patrick Sterling said in a press release celebrating the extension. “Risk professionals count on the National Flood Insurance Program to protect our organizations’ assets and to remain in good standing with our commercial real estate contracts. RIMS is encouraged by this bi-partisan effort and will continue to work with our partners on Capitol Hill to support the development of a longer-term extension in December.”

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of She can be reached at [email protected].

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