Chicago – The Property Casualty Insurers Association of America (PCI) is urging Congress to reauthorize the National Flood Insurance Program (NFIP) before it expires on Sept. 30, 2008 to avoid putting homeowners in flood-prone areas at risk.
As Hurricane Ike bears down on the Gulf Coast, and as other storms have highlighted the devastation associated with flooding, it is imperative for Congress to come together and reauthorize the program. PCI applauds the bipartisanship leadership displayed on this issue as the legislation has evolved thus far, but if the House and Senate do not pass identical bills for a presidential signature by September 30, the flood program will expire.
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