Bill Goes To Trump To Extend National Flood Insurance Program Through May
The endless extensions of the National Flood Insurance Program continue, without addressing reform needed for the program to become sustainable.
The latest deadline was Friday, but outgoing
It had passed the
"The NFIP, which is slated to lapse (Friday) at midnight, provides flood insurance coverage for my constituents in
He said he hopes the NFIP will soon be reformed with "increased stability, greater accountability, and affordable coverage for South Jerseyans."
Low participation rates and unsustainable debt service costs have strained the program for years. Critics contend the NFIP's outdated pricing policies don't charge homeowners according to true risk.
The program is more than
Bills to reform the program have been controversial, as homeowners object to paying more and insurance companies are fighting to maintain fees of more than
There have been about 10 extensions in the past year. Recent extensions were short, to just
Contact: [email protected] @MichelleBPostFacebook.com/EnvironmentSouthJersey
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