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House adopts NFIP extension bill



The National Flood Insurance Program may receive an additional two weeks' rash after the US House of Representatives adopted an extension bill.

The house adopted S. 1693, a bill to extend NFIP until June 14 with unanimous consent to Thursday.

The National Association of Professional Insurance Agents is "pleased that once the president is signed into law, NFIP will not be due on Friday," said Jon Gentile, vice president of government relations, in a statement on Thursday. "The hurricane season begins on June 1 and several states over the past few weeks have dealt with catastrophic floods."

NFIP has experienced a number of short-term extensions and has allowed it to lapse on several occasions before being retroactively renewed.

Congress should pass an emergency aid, HR 21

57, which would extend NFIP until September 30, "next week when the house returns to Washington as its first business order," Gentile said. "Congress must then be serious about handing over a long-term reauthorization of NFIP before the next expiration date."

Earlier in the day, disaster experts urged companies and individuals to prepare for the upcoming hurricane and other potentially catastrophic events.

                    


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