Insurers want lawmakers to prevent another lapse of NFIP

09/14/2010 | Charleston Regional Business Journal (S.C.)

Trade groups are asking Congress to pass legislation that would reauthorize the National Flood Insurance Program, which will expire Sept. 30 without congressional action. The program has lapsed four times in 2010, causing delays in flood-insurance policies and real estate transactions. "Coastal residents are heeding storm warnings and preparing their homes and families for the possibility of severe weather this year. Now is the time for the federal government to do the same and reauthorize the National Flood Insurance Program," said PCI President David Sampson.

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Charleston Regional Business Journal (S.C.)

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