H.R. 5569, a temporary reauthorization of the National Flood Insurance Program (NFIP), will land on President Barack Obama’s desk in the coming days.
Nearly a month after the NFIP lapsed, the U.S. Senate followed the House’s lead and late last night voted unanimously to approve the program until Sept. 30. The reauthorization will be retroactive to the date it was discontinued, June 1. The NFIP is designed to provide 5.5 million Americans with protection from floods associated with hurricanes, tropical storms, heavy rains and other conditions that impact the U.S. Standard personal lines’ property and casualty insurance does not cover flooding and must be purchased through the NFIP.
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