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PIA National Wants Congress to Finish NFIP Reform

Posted By Administration, Tuesday, January 30, 2018

PIA National was very critical of Congress when it didn’t extend the National Flood Insurance Program (NFIP) before the federal government shutdown. The lack of a continuing resolution to extend means many real estate transactions and policyholder actions were put on hold.

The association has been very critical of Congress for not permanently getting an extension done. PIA leadership thinks it’s time to get going since the NFIP expired on September 30th and was extended until December 8th. Then it was extended again until December 22nd and then again to January 19th.

Too many extensions and not enough solutions.

When the Senate and House voted to restart the federal government an extension of the NFIP was included but it expires when the agreement to temporarily fund the government expires on February 8th.

Included in the funding of the government is another extension of the delay of ObamaCare’s Cadillac Tax.

“PIA calls on Congress to immediately pass an extension of the NFIP so that consumers and their properties can again be protected. We will also continue to urge Congress to pass a long-term reauthorization of the program that recognizes the key role independent agents play in delivering it to consumers,” PIA National said in a statement.

 

Source links: PIA National — link 1, link 2, Insurance Business America

Tags:  Insurance Content  Insurance Industry  Insurance News  PIA National Wants Congress to Finish NFIP Reform  Weekly Industry News 

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