08-09-2017 23:53 via insuranceinsider.com

Congress passes 3-month extension for unchanged NFIP

Congress passed a $15.25bn hurricane relief measure that
includes a three-month extension of the National Flood Insurance
Program, or NFIP, as well as funding to prevent its governmental
parent, the Federal Emergency Management Agency, from running out
of cash.
Passage in the House of Representatives this morning by a 316 to
90 vote ensures the NFIP and Fema, as its parent agency is known,
will remain in business at least until 8 December as members in the
lower chamber voted...
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