Another flood insurance deadline looming
"This is extremely, extremely frustrating,"
The flood insurance program expired last
The extension saved the program for the next seven days but wasn't ideal, Rossi said, as the program's connection to overall government spending is a large part of what caused the program's problems in the first place.
The flood insurance program was separated from the larger government spending bill earlier this year as part of a deal to keep it alive through hurricane season while leaders in
"We have all these political issues playing into this now, and one change in politics could effect the program," Rossi said.
If
Rossi said he is expecting a vote Friday that will extend the program two more weeks. In the interim, he is encouraging policy holders to be prepared. If the program lapses for any meaningful amount of time, new policies won't be able to be issued and current policy holders won't be able to renew.
"Pay for your flood insurance now," he said. "We have people who will wait and go into a grace period in their policy, but we don't want to play around. If your policy is coming up for renewal in the next 30 days: pay it by Friday. That's the bottom line."
Lapses in January and March were the first lapses since 2010. A short-term extension this July was the seventh granted to the program since it first expired in
Rossi is hoping the two week extension will be granted Friday, and that when that expires a six-month extension will be granted. In those six months, advocates and lawmakers would push hard for meaningful reforms to be included in a long-term extension.
"
The flood insurance program, started in 1956, became a hot-button issue on the
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