The Senate passed legislation that would reauthorize the National Flood Insurance Program until Sept. 30. President Barack Obama is expected to sign the measure, which has already cleared the House. The bill, which will apply retroactively to June 1, drew mixed reactions from insurance trade organizations. "We are pleased that Congress reauthorized the flood insurance program. But this three-month extension threatens to leave communities vulnerable again in September, at the height of hurricane season," said PCI President David Sampson.

Related Summaries