NFIP 2019 News

Spending Bills with Flood, Terrorism Insurance Renewals Go to President Trump

The Senate yesterday went along with House measures that fund the military and rest of the federal government through next September. The government funding measure includes two provisions of particular interest to the property/casualty insurance industry: a reauthorization of the …

Senators’ Flood Insurance Measure Includes Premium Cap, Mitigation, Claims Reforms

A bipartisan group of U.S. senators from coastal states โ€” including three running for presidentโ€“ unveiled a comprehensive flood insurance reform measure they see as an alternative to measures recently passed by a House committee. The Senate proposal, which builds …

House Committee Approves 5-Year Flood Insurance Extension with Bipartisan Reforms

A key House committee has passed legislation to renew the National Flood Insurance Program for five years and institute various reforms. The House Financial Services Committee, by a bipartisan vote of 59 to 0, approved the comprehensive measure (H.R.3167) that …

Congress Gives Final OK to Stalled Disaster Aid, 4 Month Flood Insurance Extension

The U.S. Congress on Monday approved legislation providing $19.1 billion in emergency funding for disaster recovery efforts throughout the United States, including Puerto Rico, sending it to President Donald Trump to sign into law. Final passage came as the Democratic-led …

Congress Renews Flood Insurance Program Until June 14

Having failed several times to pass a $19 billion disaster aid bill with a federal flood insurance reauthorization provision by unanimous consent, the House of Representatives managed on Thursday to pass a separate two-week extension of the flood insurance program, …

GOP Lawmaker Sidetracks Disaster Bill Including Flood Insurance Extension

A single Republican House member temporarily blocked fast-track passage Friday of a $19 billion disaster-aid plan, likely meaning lawmakers will vote when they return in early June from a week-long recess. Freshman Representative Chip Roy of Texas objected to the …

Congress Agrees on $19 Billion Disaster Aid Bill with Flood Insurance Brief Extension

Lawmakers said that they agreed to a $19.1 billion disaster-aid bill after months of disagreement and that President Donald Trump said he will sign it. Senate Appropriations Chairman Richard Shelby called the agreement a “good deal.” He added that he …