Legislation to reauthorize the National Flood Insurance Program (NFIP) has been introduced by Bill Cassiday, R-La., and Kristen Gillibrand, D-N.Y. The NFIP is set to expire on Sept. 30. In addition to the full text of the proposed legislation, a summary of the proposed legislation is available.
While the legislation proposes a decade-long solution, it does not come without concern by some in the insurance industry, as cited in the recent Business Insurance article, "National Flood Insurance Program extension draws praise and concerns".
AGRiP is interested to hear what pool members have to say about the proposed legislation, and how it might relate to coverage you offer. We're also actively collecting information about whether or how your pool is evaluating flood risks and local government infrastructure for flood protection. Please contact us if you have thoughts or ideas to share.