Flood insurance: A never-ending story

Other day, I remarked that I don’t follow flood insurance closely enough. Today I was reminded why:

WASHINGTON—The National Flood Insurance Program got a short extension Thursday when the U.S. House of Representatives approved a stopgap funding measure to keep the federal government operating through next Tuesday.

The Senate voted earlier to extend the NFIP, which was slated to lapse Friday, through Nov. 18. The full House, however, cannot consider the longer Senate funding bill until next Tuesday.

(Thanks, Business Insurance!)

That’s a one-week extension. But that extension is only in place so that Congress-guys can create another extension, until November. The program has been like that, a fish gasping on the shore, for a few years now.


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