Update: Flood Program Extended

THE NFIP HAS BEEN EXTENDED                             After a six-hour government shut-down, this past Friday Congress came to an agreement and funded the Federal Government.  The short-term extension will fund the government through March 23rd.    This includes the extension of the NFIP.  However, as we have mentioned in past updates, this will once again […]

UPDATE: Flood Program Reinstated

The NFIP Has Been Extended After a three-day government shut-down which included a three day NFIP lapse, Congress has come to an agreement and funded the Federal Government.  The short-term extension will fund the government through February 8.   This includes the extension of the NFIP.  However, as we have mentioned in past updates, this […]

THE NFIP HAS LAPSED

The National Flood Insurance Program has lapsed.  This mean that until the government shutdown is over:   No new flood insurance policies can be purchased No new renewal bills can be issued If you have a policy in place, you will see no changes and claims will be paid as usual   Refer to our […]

UPDATE: NFIP Extended 4 weeks

NFIP EXTENDED FOR 4 WEEKS On Friday, Congress extended the National Flood Insurance Program for 4 weeks until January 19th, 2018. Like before, this relieves the urgency of a program lapse, and we still urge you to be vigilant. Pay premiums on time and purchase flood insurance sooner rather than later. There is word that […]

AGAIN: Flood Program Expires Friday

NFIP SET TO EXPIRE FRIDAY As of the writing of this message, Congress has not yet extended the National Flood Insurance Program, which expires at midnight on Friday, December 22nd.  This will continue to be an issue as Congress intends to only pass short term extensions for the foreseeable future. Last week, FEMA issued guidance for insurance companies on […]

FLOOD LEGISLATION PASSES HOUSE

On Tuesday of this past week, the US House passed the “21st Century Flood Reform” revised bill with a 237-189 vote.  This bill had several compromises compared to the original bill text from June.  Items that were removed from the original bill include the prohibition on flood insurance for new construction in the flood zone and The prohibition […]

NEGOTIATIONS LEAD TO NEW FLOOD BILL

In the past several months, we have been updating you on the progress Congress is making about the upcoming expiration of the National Flood Insurance Program on December 8th 2017.   In the US House, an agreement has been reached between House Leadership and Chairman of house financial services Representative Hensarling to move the US House […]