A post on The Hill’s finance and economy blog says Congress intends to retroactively fund the National Flood Insurance Program (NFIP), after the Senate adjourned Friday until April 12 without passing a measure that would have extended the program beyond its Sunday expiration date. This is the third time in recent months that the NFIP has been allowed to lapse. A report at ifawebnews.com quotes National Association of Mutual Insurance Companies (NAMIC) spokesman Matt Brady saying that coverage will remain in place for those who have protection through the NFIP, but that there is a serious impact on those looking to close a home sale in flood-prone areas. The NFIP provides guidance here on operating during a hiatus. Check out a March 26 National Underwriter article for more on this story. The National Oceanic and Atmospheric Administration’s (NOAA) National Weather Service recently warned that more than one-third of the U.S. faces a high or […]

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