The latest chapter in the ongoing trials and tribulations surrounding the National Flood Insurance Program (NFIP) is soon to be written. The latest extension of the program is set to expire 10 days from now on September 30, just as the 2010 Atlantic Hurricane Season reaches its height. Now that Congress has reconvened, the Property Casualty Insurers Association of America (PCI) urges immediate action and reauthorization of the NFIP.
"Congress returned from recess this week and there is still not a clear path for the NFIP reauthorization,” Ben McKay, SVP of federal government relations for PCI, said in a statement. "We are very concerned that this will lead to another NFIP lapse in 14 days.”
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