Just-In-Time:  House Votes 315-48 to Extend NFIP to May 31, 2019 After a challenging week in Congress, the House passed S.3628 that extends the NFIP’s authority until May 31, 2019.  President Trump signed the bill into law Friday night.  The NFIP did not expire. The goal of extending the NFIP for a six-month period is to provide time for Congress to consider meaningful reforms to the program before authorizing it for a longer term. Many stakeholders have previously expressed concern of setting NFIP’s expiration on the eve of the first day of Hurricane Season and hopes are that the new Congress will make the flood program a priority in advance of this date. We hope that in the coming months, the MCC will be reaching out to get feedback on meaningful reform proposals for a better NFIP.  You can review past bills by going to our Legislation tab on our Downloads page by clicking HERE

NFIP Now Headed Towards Lapse As of the writing of this message, Congress has not yet extended the National Flood Insurance Program, which expires at midnight on Friday, December 21st. The current political situation is complicated. Presently, the US Senate has proposed an extension to February 8th of Federal Government spending, which includes an extension of the NFIP. The bill was sent to the US House of Representatives where it was originally going to pass tonight. However, the President has now said he will not sign a bill without funding for immigration security. The House is now proposing different options. Without a quick compromise, the NFIP is set to lapse. This lapse will most likely last past Christmas. This is an active situation. This is not a new situation, as this will be the third short term extension in the month of December. As a reminder, the MCC has created consumer guidance for you as an insured to know what to do before, during and after a flood program expiration. Overall, our guidance outlines that: -If you have a flood policy renewing after December 7th, and within the next few weeks, either pay it now or ask for the renewal statement […]

NFIP Looms Towards Lapse As of the writing of this message, Congress has not yet extended the National Flood Insurance Program, which expires at midnight on Friday, December 7th. Presently Congress has proposed a 2 Week extension of the Federal Government spending, which includes a two week extension of the NFIP. There is currently no timeline on a vote on this proposal; we are “cautiously optimistic” the bill will pass by Friday. Last week the NFIP was extended for 7 days, which now link it to the Federal Government’s continuing resolution to keep the government open. Other political issues now decide the fate of a NFIP lapse Friday. The MCC has created consumer guidance for you as an insured to know what to do before, during and after a flood program expiration. Overall, our guidance outlines that: -If you have a flood policy renewing after December 7th, and within the next few weeks, either pay it now or ask for the renewal statement (billed renewals can be paid during a NFIP lapse.) -If you are planning to close on a home after December 7th, PAY FOR THE POLICY NOW. If paid before the program expires, the policy will still becomes effective on […]

The House and Senate have passed a bill to extend the NFIP for one week in order to avert a lapse in the program. The 7 day extension will tie the NFIP to the broader federal spending bill (A continuing resolution) which is set to expire on December 7th. The one week extension bill has been passed to the President for signature. The Senate also passed S. 3628, a clean six-month extension for NFIP, that has now been referred to the House. We will be sending updates next week on the status of the NFIP.