NFIP Extended Through Jan. 19
Shortly before Christmas, Congress adopted a stopgap continuing resolution (CR) averting a government shutdown. As a result, government funding is maintained at current levels through January 19.
“We are pleased that the National Flood Insurance Program [NFIP] was extended as part of the continuing resolution,” said Jon Gentile, PIA vice president of government relations. “This will keep the flood insurance program fully operational through January 19, guarding against interruptions for policyholders and protecting the progress of real estate transactions that require evidence of flood coverage.”
Gentile added that while it is positive that the NFIP will not lapse, it’s vital that in 2018, Congress move away from short-term measures and provide a long-term reauthorization of the program. “We will continue our advocacy in pursuit of that goal,” he said.